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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Baba 2 who wrote (36653)	7/6/1999 1:29:00 PM
From: long-gone	Read Replies (1) of 116753

re: LONDON, July 6 (Reuters) - Executives from some of the world's leading gold miners demanded on Tuesday that British Prime Minister Tony Blair answer rumours that UK gold sales were timed to help out speculative short sellers in the market. The letter arrived as Britain sold 25 tonnes of gold, the start of a programme intended to cut reserves from 715 tonnes to 300 tonnes during the next few years. Chairman and chief executives at Canada's Placer Dome, U.S. miners Newmont Gold and Homestake Mining, South Africans Anglogold and Gold Fields and Ghana's Ashanti Goldfields, sought Blair's response to rumours that reserve sales were to bale out firms running short positions in gold. Hmmmm - Wonder why ABX ain't on this list

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