Paranoia, perhaps but at least it keeps the thread going....
To: Bill Wexler (1732 )
From: Richard Harmon Wednesday, Jul 7 1999 1:11PM ET
Reply # of 1749
Bill,
been lurking, thought you'd like to see this & comment on it:
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.
The letter, a copy of which was faxed to Reuters, quoted parliamentary remarks made by British opposition MPs on June 16 suggesting Britain's announcement of reserve sales had been to "save the bacon of those firms running short positions".
"We believe it would be helpful for you to make a public denial of these rumours or investigate them publicly," said the letter, signed on behalf of all the companies by Placer Dome President and CEO John Willson.
thanks
rh
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