6/06/2005

Gold is up $9 since the polls showed that France would reject constitution, and is up $3 today. While the EC is down a little, the US Dollar is down as well. It may be that the Europeans bought ECs--flooding the market with dollars---in order to support their currency. The Europeans cannot, absolutely cannot, allow the EC to take a big dump----and neither can we. We will do what is necessary to support the EC.