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To: William Peavey who wrote (41114)9/27/1999 2:03:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116781
 
can't remember exactly when but Goldman had issued a signal a while back -maybe two months ago



To: William Peavey who wrote (41114)9/27/1999 2:07:00 PM
From: denekin  Read Replies (1) | Respond to of 116781
 
Some thoughts on Gold Bull Market: FYI
Can't verify this as I'm no expert but thought this would interest you:

"Let's discuss gold a bit here. The vast majority either hates or could care
less about gold and gold stocks, and that has been the case for months and
years. That is the type psychology that begins a bull market, similar to the
stock market bottom in 1982 & 1994. Gold has been in a bear market for 20
years. Crude oil leading the way higher as it usually does, and the CRB has
given signals that it made a long term low in July of this year. I am looking
for gold at a minimum to reach $300 by year end.

If you wish to play this and do not want to play the futures, (December
contract is GCZ9), then the XAU is the way to go. Because this commodity is
so reviled though the liquidity in this one is very thin. It may be a good
play though I just wouldn't get more than ten options on it as it may prove
difficult to get out of if you were doing more. Ten should be sufficient.
Breaking 72.50 is a buy signal and this should take the XAU at a min. to 76
and more than likely back to 84. Look to take profits in that area as that is
stiff resistance but if that is broken look for 96 and if that is broken 112.
I personally think it has hit resistance and will now go test the lows one
more time while the market will rally one more time. I will be looking to go
long later but if I am wrong then I will definitely go long on a break of 84
in this market."



To: William Peavey who wrote (41114)2/16/2001 3:59:46 PM
From: long-gone  Respond to of 116781
 
Join euro or lose out, Prodi tells UK

Special report: economic and monetary union

Michael White, political editor
Friday February 16, 2001
The Guardian

Britain stands to lose more of its influence and national sovereignty by staying outside the eurozone than it will by joining the European single currency, the president of the Brussels commission, Romano Prodi, predicted yesterday.
In doing so he implicitly rejected the conviction of Tony Blair and Gordon Brown that the 12 eurozone nations cannot conduct day-to-day management of the currency without reference to the group of the 15 European Union finance ministers.

"In practice, if you don't fully participate in the family, your voice will be less heard. To be different makes you less important in the total decision-making process," he told the Guardian in an interview.

Mr Prodi, a former prime minister of Italy, echoed this theme in a speech in London yesterday: "How can you control your economy being surrounded by the euro and not having your man inside the European central bank?"

He argued that a potential loss of sovereignty should be "judged in practical terms". These are the arguments that Labour will deploy in any referendum.

"The euro will go well and it is convenient for you to get into. But you must decide," he said. It was a point he emphasised on his flying visit to London, during which he breakfasted with the prime minister at No 10.

The Tories declared that he had "exposed the defeatist agenda of Tony Blair and Gordon Brown". The shadow foreign secretary, Francis Maude, said: "Like Mr Prodi, Labour believe that Britain has no future as an independent state."

Mr Prodi pleaded with Britain's famously Eurosceptic media to "talk about facts, not about theory" when deciding whether to go in or stay out.

Undeterred by the euro's weak performance since its launch in 1999, Mr Prodi predicted that the eurozone would quickly spread to eastern Europe and north Africa: "Even here [in Britain] it will become a very popular currency."

Mr Prodi also sidestepped the political pitfalls in the House of Commons. When asked about sensitive EU tax matters he replied: "Tax is like sex, you cannot talk about it."
guardianunlimited.co.uk