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

To: Terry Rose who wrote (9640)	4/9/1998 2:28:00 AM
From: paul ross	Respond to of 116791

One reason for a "weak" Euro to start would be to forego a right off the bat confrontation with the US$. The US is still the most powerful country in the world and the dollar the world's reserve currency, even though it's President is constantly being depicted in political cartoons as walking around the Oval Office in his boxer shorts. A gradual rise in strength and concomitant rise in "market share" might be to their overall benefit in the long run. I don't know many interviews I've seen with Euro. representatives whose first comment is always " we see the EMU as being an overall positive development for the US." Be respectful of your adversary, but allow him to make the mistake and be ready to step in. Like you I feel the overall outlook for the gold and precious metals market is very positive, and have adjusted my portfolio accordingly ( 10% of overall portfolio in gold as any good analyst would rec. as a hedge.... and the other 90% in gold/silver stocks, options,and gold/silver coins<G>). However, I won't be riding the gold stock market down like I did from March of last year with some of my stocks. Draw a line and get out if its crossed, or XAU or gold puts. Tools like the XAU/GOLD ratio can be helpful in this respect. PR