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

To: philv who wrote (11069)	5/1/1998 3:29:00 PM
From: John Mansfield	Respond to of 116764

Hi O/49, Chair of the new European central bank (that determines EMU monetary policy) will be probably Mr. Duisenberg (former chair of the Dutch central bank. There is still a political battle going on between Germany and France regarding who will be chair. France has proposed it's own CB president Mr. Trichet. Most of the European countries are backing Mr. Duisenberg. The outcome of this battle this weekend will be a good indication of the amount of political influence by the national european governments on the new EC bank: France is traditionally proponent for substantial polical influence by government; whereas Germany (and the Netherlands with Mr. Duisenberg) are proponents of a politically very independent central bank. Regards, John

To: philv who wrote (11069)	5/1/1998 4:25:00 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116764

THX BUNCHES! philv...whooooEEEE WHOOOOhaa...what a link!!! SCOOP AWARD 2 U 2day! My commentary PLUS attempts to address your Qs: First and foremost, I'm in NO WAY surprised the great Deutscheland had to be blackmailed!!! Germany has NO/ZIP/NADA track record for doing anything in the interests of global harmony or piece, regardless of the name attached to their Finance Minister/Leader/Pres/or whatever they choose to call their reincarnations of supremecists. I WAS surprised Kohl will release those private "notes" tho', and look forward to the internet being the source of transmission to the globe of the delicious details of that blackmail scheme, frankly. In fact, if it wasn't for the net, we wouldn't have EVER HEARD here in the states of this scheme at all. Long live FREEDOM OF EXPRESSION/PRESS! RE: your Qs re: Monday's mtg and the value to gold: I'd like to remind you of a post/categorical declaration I made earlier on this loooooong string called Gold Price Monitor. 1) The 11 CBs vs 11 Talking Heads saying one thing and doing another" phenom you've observed and questioned in your post to me was addressed by me many many months ago: The WHY is simple and predictable: The 11 Central Banks of the qualifying nations has had the impossible job of maintaining a "strong currency" all the while preparing to surrending the same. RE: your concern about Belgium dude getting ECB's top job... This was in the cards all along that Germany would win this lil spat. Look at the voting percentages again that I posted about 10 biz days ago, and reiterated for Bobby Beara when He asked to review my most critical Au related post in 20yrs. France was flexing muscles, and Germany was "calling in an IOU" in the game of blackmail. You see, the STRONG GOLD Advocate/Belgium dude was Germany's choice, and the ECB is being located in Frankfurt. Wonder how many more of these blackmail IOUs Germany will be collecting?? Could the HIGH % of gold to be held by the ECB be another one? My money is on yes... So, in summary... those making ANTI gold statements are just political jockeys FOLLOW THE GOLD/MONEY! The "how it should be" hasn't happened it...all you are describing is how it is today...and that's just a sliver of a sliver of a sliver of how it "should" / will be!" Gold down is nothing more than position squaring, prior to this weekend. Besides, remember this: Bankers are in Geneva, including ANOTHER, and some of them are being given one more chance to cover those shorts, courtesy of LDMA and end of month OTC gold squaring in UK. O/49r