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To: Alex who wrote (9951)	4/14/1998 3:52:00 PM
From: Richard Mazzarella	Respond to of 116762

Alex, thanks for the post. To paraphrase TA guy John Bollinger who was just on CNBC talking about gold: "gold sucks". <VBG>

To: Alex who wrote (9951)	4/14/1998 6:07:00 PM
From: yard_man	Respond to of 116762

>>"While I think there needs to be a concern about US equity markets, I don't feel there is reason to fear large adverse consequences from a correction," he said. << Wrong.

To: Alex who wrote (9951)	4/15/1998 5:58:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116762

15 April 1998 Issue 1055 Germany set to win 'Mr Euro' battle By Toby Helm in Brussels and Andrew Gimson in Berlin GERMANY was believed last night to have won its battle with France over who should become the first president of the European Central Bank. Reports surfaced in European Union capitals suggesting that the job would go to Germany's favoured candidate, the Dutchman Wim Duisenberg. Such an outcome would be well received on the financial markets where Mr Duisenberg, a former head of the Dutch central bank, has a reputation as a German-style hardliner on monetary policy with close links to the Bonn government. His appointment as "Mr Euro" would bolster the belief that the new currency could inherit much of the strength of the mark and the guilder and hold its own with the dollar and the yen. Well-informed sources said it appeared that Paris had resigned itself to withdrawing its candidate, Jean-Claude Trichet, governor of the Bank of France, from the race. Yesterday both Gerhard Schr”der, the Social Democrat candidate for the German chancellorship, and Wim Kok, the Dutch Prime Minister, threw their weight behind Mr Duisenberg as the candidate who they said represented "strength and stability". On a visit to Holland, Mr Schr”der described Mr Duisenberg as "somebody whose appointment would be a positive signal for the financial markets". Mr Kok said: "Public opinion seems to view Duisenberg increasingly as the appropriate candidate for the presidency. That's good news for us . . . above all because of his stability reputation." Mr Duisenberg, who currently heads the European Monetary Institute, the forerunner of the European Central Bank, had been seen before last October as a certainty for what will be one of the most powerful jobs in Europe after the launch of the single currency on January 1. The Frankfurt-based bank will run policy on interest rates, exchange rates and the money supply in the euro area. But last November France caused dismay in Brussels and anger in Bonn by putting forward Mr Trichet for the job. Paris maintained that Mr Trichet was also a "hawk" on monetary policy who had the same Germanic instincts on the running of monetary policy as Mr Duisenberg. Before Easter, Jacques Santer, President of the European Commission, said EU governments should come to a decision as soon as possible to avoid harming preparations for the euro's launch. telegraph.co.uk (register required)