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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: Bobby Yellin who wrote (31296)	4/7/1999 1:38:00 AM
From: PaulM	Read Replies (1) of 116798

May be worth looking at all this form a "currency war" perspective. Much of continental Europe wants to end the Kosovo thing relatively quickly. By contrast, the U.S. and Britain are preparing their public for a longer war. Clinton may not be as stupid as the military makes him out to be. Milosevic's response to the NATO bombing, especially in the absence of NATO ground forces and with 40000 Serb troops on the Macedonian border, was too predictable. Had overwhelming NATO ground forces been positioned before hand, the game could have been over relatively quickly. (Certainly, there would have been little chance of region de-stabilizing, as it now has.) But if we allow the possibility that the aim is to start a prolonged war, with emphasis on PROLONGED, Clinton begins to look smarter. The war is in Europe, not the U.S. Which would you invest in? It was a weakened Russia which allowed the Euro and European moves for defense initiatives outside NATO etc. My recollection is that Albright didn't like that idea. Perhaps the NATO/Serb war will result in the re-emergence of a more active, threatening Russia? Perhaps we wouldn't mind?

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