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

To: Bill Grant who wrote (9321)	4/4/1998 1:31:00 PM
From: marcos	Read Replies (1) \| Respond to of 116764

I'd like to say that was a typo, but it was actually the product of a late night out -g- I've never watched the TED spread, although people who discuss it here and on Mohan and Kahuna seem to make sense when they see it as an indicator of the direction of the value of the US$. What is the theory here - that the Euro$ will tend to be repatriated if the value of the US$ is seen to be declining in relation to European currencies (and gold)? I think the Europeans, led by the Bundesbank, will want the Euro to be a reserve currency, and a strong one, ie rising after its issue. They have seen the great advantage that has come to the States from issuing paper in exchange for hard goods, which paper leaves the country and never (?) comes back. Gary (9322) - yes, I mixed the numbers up too. Note to self - wake up first, then post.