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To: MtnBear who wrote (9913)	4/13/1998 2:49:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116912

The more time that passes the better the 84-85 level looks as support. Bullion is up 2.2 today but the XAU is flat. I guess the XAU is just working off it's short term overbought condition with sideways movement. If the bullion stays strong the XAU will likely give up any idea of the downside and take another jump up. This time it might take a shot at the descending trend line at about 95-96. Through that it will likely make a big jump...should it be able to hold it. Jim

To: MtnBear who wrote (9913)	4/13/1998 2:57:00 PM
From: Tomsr	Read Replies (1) \| Respond to of 116912

Gold, the European Community and the Eurodollar: Gold will rise or fall dramatically once the EC decides how much central European bank must have in gold. Does anyone have any information from newsletters in Europe that suggests what percentage gold EC members must have in gold, and what that will do the the POG? Europe will determene the POG in the near future(May98?) Does anyone keep their eyes on Europe in terms of investor intelligence? Any rumors, or beter yet facts? Even links to Europe and gold would help this thread.

To: MtnBear who wrote (9913)	4/13/1998 5:16:00 PM
From: goldsnow	Read Replies (4) \| Respond to of 116912

CHICAGO, April 13 (Reuters) - U.S. interest-rate futures closed with sizable losses but above session price troughs. The long end moved upward during the final half-hour from a point-plus loss as the market prepared for Tuesday's U.S. data on consumer-level sales and prices. March retail sales are seen up 0.1 percent both overall and excluding autos, while consumer prices are expected to firm 0.1 percent overall and 0.2 percent in the core rate. Despite the late firming, June Treasury bond futures closed below the 120-16/32 - 120-20/32 area that some chartists said the contract needed to surmount to limit the technical damage. "It's a low-volume drop, but the tone has changed," said one T-bond futures floor broker of the afternoon selloff that shoved June T-bonds to a session low at 120-02/32. Monday's move down means the contract has retraced nearly all of its early-April rally to a peak of 122-28/32. The next nearby target would be 119-20/32, the March 30 low and the point from which the market launched its three-point-plus rally. Technicians noted that the majority of the roughly 50,000-contract increase in open interest in T-bonds that occurred during that price rally remained intact. In both the long and short ends, brokers reported heavy early fund sales as some appeared to reevaluate the potential for the Federal Reserve to tighten credit. That sentiment, revived by talk that a well-known research firm had issued a report hinting at the possibility of a snugging up of credit conditions, knocked the "red" 1999 and "green" 2000 expiration months in eurodollars to especially big losses. Added weight came from the dollar's decline versus the yen and news that the Federal Reserve had sold T-bills for a customer, possibly to sterilize dollars sold as part of intervention. June T-bonds closed down 25/32 at 120-12/32, 10-year notes lost 15/32 to 112-15/32, munis ended off 23/32 at 122, September eurodollars fell 0.100 to 94.250, and June T-bills fell 0.160 to 94.985. 16:16 04-13-98 Transmitted: 04/13/98 16:17