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

To: Zardoz who wrote (25452)	1/5/1999 11:19:00 AM
From: Stephen O	Read Replies (1) \| Respond to of 116752

ECB Reports It Has EU99.6 Billion in Gold Reserves (Table) 1/5/99 Frankfurt, Jan. 5 (Bloomberg) -- The European Central Bank today said it has 99.6 billion euros ($117.4 billion) in gold reserves. The following is a table summarizing the consolidated financial statement of the euro system as of Jan. 1, 1999. ASSETS MILLION EUROS 1. Gold and gold receivables 99,596 2. Claims on non-euro area residents denominated in foreign currency --Receivables from the IMF 29,500 --Balances with banks and security 200,641 investments, external loans and other external assets --SUBTOTAL 230,342 3. Claims on euro-area residents denominated 6,704 in foreign currency 4. Claims on non-euro area residents denominated in euros --Balances with banks, security investments 8,939 and loans --Claims arising from the credit facility 0 under the ERM II --SUBTOTAL 8,939 5. Lending to financial sector counterparties of the euro area --Main refinancing operations 144,924 --Longer-term refinancing operations 24,698 --Fine-tuning reverse operations 6,680 --Structural reverse operations 0 --Marginal lending facility 6,372 --Credits related to margin calls 26 --Other lending 2,420 --SUBTOTAL 185,120 6. Securities of euro-area residents 21,650 denominated in euro 7. General government debt denominated in 60,125 euro 8. Other assets 84,683 TOTAL ASSETS 697,160 LIABILITIES MILLION EUROS 1. Banknotes in circulation 341,708 2. Liabilities to euro-area financial sector counterparties --Current accounts (covering the minimum 84,437 reserve system) --Deposit facility 973 --Fixed-term deposits 1,886 --Fine-tuning reserves operations 0 --Deposits related to margin calls 12 --SUBTOTAL 87,308 3. Debt certificates issued 13,835 4. Liabilities to other euro area residents denominated in --General government 58,612 --Other liabilities 2,865 --SUBTOTAL 61,477 5. Liabilities to non-euro area residents 9,969 denominated in euros 6. Liabilities to euro area residents 595 denominated in foreign currency 7. Liabilities to non-euro area residents denominated in foreign currencies --Deposits, balances and other liabilities 3,314 --Liabilities arising from the credit 0 facility under the ERM II --SUBTOTAL 3,314 8. Counterpart of special drawing rights 5,765 allocated by the IMF 9. Other liabilities 60,690 10. Revaluation accounts 59,931 11. Capital and reserves 52,567 TOTAL LIABILITIES 697,160 Totals/subtotals may not add due to rounding. Source: European Central Bank --Sonja Dieckhoefer in the Frankfurt newsroom (49 69) 92041- 151/tel Story illustration: For a graph of the Bundesbank's repurchase rate, see GRRP14LR <Index> GP. News by category: News by region: NI ECB European Central Bank NI EUROP Europe NI CEN Central banks NI GER Germany NI RP Securities repurchases NI ITAL Italy NI MMK Money markets NI FRA France NI SPAIN Spain NI NETHER Netherlands NI FINLND Finland NI IRELND Ireland NI BELG Belgium NI PORTUG Portugal NI AUSTR Austria NI LUXEM Luxembourg For news on ECB repurchase operations, see TNI ECB RP. -0- (ATT) Jan/05/ 99 11:07 This is about $425 worth per inhabitant, that's about 50% more than the US$ has.

To: Zardoz who wrote (25452)	1/5/1999 2:45:00 PM
From: long-gone	Respond to of 116752

Yes, trading higher on heavy volume. Where I learned, usually means a buy.

To: Zardoz who wrote (25452)	1/5/1999 4:17:00 PM
From: Jim McMannis	Respond to of 116752

Hutch, I see you are getting your a$$ in a crack with the goldbugs again. You know the rules, never argue that the XAU is going down with a goldbug. Never argue that the disaster du-jour won't drive gold up... On the other hand, I've been accumulating some gold shares lately... Charts looking better and so is the XAU vis a vis the POG. We know the XAU will lead the POG don't we...Do your TA and don't let 'em take you off on a tangent with Y2K, money supply and Saddam Hussein....<G> Jim