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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Nautical who wrote (55953)	7/8/2000 6:31:00 PM
From: long-gone	Respond to of 116976

<<For the European CBs, one reason to tank gold is to make the Euro look good in comparison. Maybe once some confidence is shown in the Euro, lease rates can go up. >> There has already been a reduction in sales & statement that leasing "will not exceed", but I think you are right - in part - as to the reasons. There is also the greed factor of the manipulation, (ie many suspect there were short positions of some of the elected & appointed oficials in charge - "that socialist bastard" did resigned from the IMF & there were no US style blind trust restrictions of their investments). IMHO, We might well see a far higher PoG after the EMU currency is in full use.