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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.67

-2.7%

4:00 PM EST

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To: Ahda who wrote (35176)	6/11/1999 3:55:00 PM
From: long-gone	Read Replies (1) of 116756

Thread's copy my e'mail to Congress, Senate, Banking, & Federal Reserve: re: This SUCKS I hope this is NOT TRUE! I'm sick of the bail outs for the Big Boys! If they want to play, they must PAY! Richard Harmon (address & Phone # removed) Friday June 11, 1:51 pm Eastern Time Fed declines to comment on hedge fund rumors WASHINGTON, June 11 (Reuters) - The Federal Reserve declined to comment on rumors that swept through New York financial markets on Friday about an emergency Fed meeting to deal with a troubled hedge fund. ''As a matter of policy, we don't respond to rumors,'' a Fed spokesman said in response to a question about a possible meeting dealing with a hedge fund. Prices for bellwether 30-year U.S. Treasury bonds were down sharply at midday by 23/32 of a point to yield 6.12 percent, partly because of a rumored Fed meeting about a bailout for a hedge fund, according to Wall Street traders.

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