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To: pater tenebrarum who wrote (99700)	5/4/2001 3:03:25 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 436258

Funny I read that yesterday, very interesting about the wording in the accounting of the 1700 tons of melted coin in West Pt going from Reserves to Custodial... It wouldn't surprise me if this blows up in the near future... Congress should be asking who owns it...

To: pater tenebrarum who wrote (99700)	5/4/2001 4:25:05 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

What is supposed to be the rationale for the Fed allegedly simultaneously 1) artifically keeping gold prices down, and 2) selling gold? Is it supposed to be selling gold to keep the prices down or what?

To: pater tenebrarum who wrote (99700)	5/10/2001 8:55:36 AM
From: John Pitera	Read Replies (2) \| Respond to of 436258

I had heard these Australian gold producer comments yesterday, but no name...... We don't view the recent jump in gold as a negative for fixed-income. The bottom line is that yesterday's move had absolutely nothing to do with the reflation trade, a dynamic clearly supported by the sluggish tone in the base metals complex. The jump was largely a function of concern that Australian producer Centaur Mining &Exploration, which is under the control of receivers, may have to unwind its hedge book. While inflation worries continue to creep into the market, the fact that only now are we seeing the ECB beginning to do its part to promote global economic recovery clearly supports some of the anecdotal evidence surrounding a deepening of the competitive price pressures that remain glaringly evident in the foreign exchange market. Though our respect for the Fed remains intact, we are becoming more and more comfortable with the idea of a bullish flattening bias going forward.<?i>