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Gold/Mining/Energy : Euro Impact on Gold, USD ...
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To: teevee who wrote (198)1/4/1999 3:08:00 AM
From: Zardoz  Read Replies (1) of 289
 
"There will be lots of new Euro equity and bond offerings etc. To me this is like pumping with lots of new money. It has to be good for growth, commodity prices, etc. I think this will be the start of another Bull phase for equities (european ones first no doubt). What are your thoughts on this?"

I don't see it that way. As far as the commodities go, you are looking at a country that stunted growth at the cost of joining. You could've invested into the Euro, before under the ECU, and waited for the conversion to occurr. So why would you expect them to stimulated growth now? I think you'll see capital flow out of Europe, and into USD and CAD. But only after the long and short positions are on the currency. 2 weeks.
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