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

To: Alan Whirlwind who wrote (10648)	4/25/1998 3:47:00 PM
From: Serge Collins	Respond to of 116764

Barron's has an interesting article in this weekend's edition. Those who think the ECB will hold from 20% to 30% of its reserves in gold should read it. The article entitled, "Can EMU Fly?" by William Pesek Jr. finishes with this paragraph--"While Europe's central bankers are sensitive to gold market sentiment, observes Goldman Sachs economist Martin Brookes, many of them prefer modest holdings of the metal, owing to its limited use for foreign-exchange market intervention. He, along with other analysts, believes the ECB will hold somewhere between 10% and 20% of its reserves in gold."