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

To: Jim McMannis who wrote (14257)	7/8/1998 6:02:00 PM
From: goldsnow	Respond to of 116759

Jim it is far less scarier than Gold going to $320 and producers such as Anglogold (ANGDY) and Newmont (NEM) hedge to year 2005 twice as much...

To: Jim McMannis who wrote (14257)	7/8/1998 6:27:00 PM
From: goldsnow	Respond to of 116759

"The national central banks (NCBs) already pool 20 percent of their gold and dollar reserves with the ECB in order to back up the European Monetary System. In return they receive official Ecus on their balance sheets. These quarterly Ecu swaps will continue until the end of 1998, central bankers have said. In answer to a question, Duisenberg said the valuation of gold and other reserves to be transferred to the ECB would be determined later in the year, meaning the exact tonnage of gold to be pooled in Frankfurt cannot yet be estimated." infoseek.com