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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: xdll who wrote (3718)	5/28/1998 12:17:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 34075

x I was referring to the comments by the Italian and Belgian CB governors and several Bundesbank and Banque de France officials. Yes, you are correct the EU has not made a definitive statement. FWIW I doubt they will as this will be more of an issue of central bank policy which is why I took the statements of the CB officials as an indication of their intentions. You are also right that the Germans, French and Italians have all made it clear they are not selling gold. FTR I was not try to argue against a bullish gold posture. In fact I am bullish POG at the moment. I just have noticed a number of, imo, incorrect interpretations that the Euro will be gold backed. As you say, it will not. It is just a question of reserve calculations. I noted your last comment and actually believe there are a number of people on any one issue that will try to distort a given piece of news to support their view. As I have said I have seen a number of people say that the Euro will be gold backed . Whether this is intentional misrepresentation or wishful thinking is an interesting question. You say there is evidence of political manipulation. I agree. I believe it is possible the European monetary officials have been more than willing to convey the idea of a strong gold link in order to help calm public concerns regarding the strength of the Euro, particularly in Germany. Anyway I shouldn't take up anymore bandwith on this thread with this topic. This is a very interesting topic. I would love to continue this discussion on Subject 20640 with any one who is interested. X, Ireland in particular will be interesting to watch during the integration to the Euro. I would be very interested if you decided to add an Irish perspective.