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

To: Zardoz who wrote (32117)	4/19/1999 7:45:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116762

Hutch : If you not, at least, a bit bullish about gold now when will you be?! In my opinion, now's definitely the time to hold something and wait. And I don't mean what you're thinking!

To: Zardoz who wrote (32117)	4/19/1999 3:01:00 PM
From: long-gone	Respond to of 116762

<<Gold is at best stable. $280.00 or lower by weekend.>> you may be right,but IMHO watch out for silver.....

To: Zardoz who wrote (32117)	4/19/1999 6:00:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116762

Hutch, this is an absolute worth time to gamble on gold...We have war in Europe, massive debt plus rapidly "spend" surplus, tremendous and real rotation and you talk like you are going to museum :) You cannot possibly believe with mega-money leaving Market darlings Gold will crash or do you? So much to short and you after poor Gold, which if anything is tremendous albeit risky long Euro sinks on Kosovo fears Wim Duisenberg: 'neglect' for the external value of the euro The European single currency, the euro, has reached a new low in New York after remarks by the head of the European Central Bank (ECB), Wim Duisenberg. The euro plunged below $1.06 for the first time in early trading in New York, reaching $1.0598 by 1425GMT, and even testing the $1.0580 level. Mr Duisenberg admitted that worries about NATO's actions in Kosovo were weakening the euro, as investors fled to the dollar as a safe haven. "(One reason) is the continuing anxiety over the crisis in Kosovo. This is having a depressing impact on the rate of the euro," he said. Foreign exchange dealers said the euro could fall further. "With interest rates in the euro zone at current levels, the Kosovo crisis and the divergence in the US and euro-zone economies, the market wants to see the euro lower," said Reinhard Pfeifer, a foreign-exchange trader at Deutsche Bank in Frankfurt. Faltering growth The euro is also weakening on fears that growth in Europe would be even slower than expected. Mr Duisenberg told the European Parliament's monetary affairs committee that there would be a one to two year lag before the ECB's 0.5% cut in interest rates would help boost the euro-zone's economy. And he criticised the European Commission's growth forecast of 2.2% this year as too optimistic. In the meantime, he predicted that inflation would slow to 1.1% this year, as compared to the ECB's forecast of 1.5% just three months ago. He said the ECB was "not quite sure" how the rate cut would affect the real economy, but added "what we hope to achieve is to restore and inspire confidence, but that is hard to measure in itself." US boom, Europe bust The European Central Bank says it is not worried by the 9% fall in the value of the euro since the currency was launched on 1 January 1999. It believes that this is a temporary decline due to the strength of the US economy and the US stock market. And, it argues, the huge US balance of payments deficit will eventually weaken the dollar. Mr Duisenberg said he would not name a target rate for the euro to the dollar, but he expected the euro to strengthen in the future. "Not having an exchange rate policy, and we do not have one, does not mean there is benign or malign neglect. For the time being there is neglect," he added