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To: Bucky Katt who wrote (4438)12/18/1997 4:26:00 PM
From: Bald Eagle  Read Replies (2) | Respond to of 116753
 
<<The return of my money is more important than the return on my money>>
I know the feeling especially with some high tech picks I have made recently. I'm trying to recover some of my losses by selling covered calls. BTW, nice jump on $XAU yesterday (9%). Down 2.7% today.



To: Bucky Katt who wrote (4438)12/18/1997 4:33:00 PM
From: Eashoa' M'sheekha  Read Replies (1) | Respond to of 116753
 
News From The Bundy Bank.Gonna Keep Ole Yeller,Not Shoot Her.

FRANKFURT, Dec 18 ( AFP ) - Europe's new central bank will have "a
limited amount" of gold in its reserves, but the exact amount has
yet to be decided, Bundesbank chief Hans Tietmeyer said on
Thursday.
"There is a consensus between national central-bank governors on
the fact that there will be a limited amount of gold in the reserves
of the European Central Bank," Tietmeyer told a press conference.
"However, it is not yet decided how large the monetary reserves
will be. The exact composition ( of the reserves ) remains open as
well," he said.
Questions about gold's role in the European central bank have
been raised by large sales of gold by national central banks around
the world, who consider the precious metal a poor investment at this
time.
Gold on Thursday closed in Hong Kong at a mid-rate of 287.25 US
dollars an ounce.
Bank of France governor Jean-Claude Trichet indicated last week
as well that gold would be part of the central bank's reserves that
would underpin the single European currency that debuts in 1999.
Under the Maastricht Treaty on enhancing European union, the
European Central Bank is to have reserves of at least 50 billion
euros, the value of which has yet to be set against other
currencies.