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To: yard_man who wrote (170179)	6/4/2002 5:24:38 PM
From: Haim R. Branisteanu	Respond to of 436258

There were some rumbling from Europe that EZ ministers are for a "stable currency" and not for a "strong EUR" as they were back in March. The rise of the EUR from around 0.86 in Feb. this year to 0.94 is hurting EZ exports and increasing their budget deficits. The traade surplus is in danger of getting negative also. Keep in mind that the EUR was as low as 0.83 last summer. As of now the EUR is below 0.94 and there are CME option expiration Friday Will not be surprised to see gold correcting also. Sold my BEGX bit early at 10.35 a month ago BEGBX is up over 12% from last summer but the SPX down around -15%