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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: hunchback who wrote (36895)	7/9/1999 3:04:00 PM
From: John Hunt	Read Replies (1) of 116789

IMF discusses gold sales as U.S. opposition grows << As IMF officials gathered at a meeting shrouded in secrecy, the U.S. Congressional Black Caucus strongly denounced the proposed IMF gold sales, which are aimed at relieving the debts of the world's poorest countries. ''When this proposal comes before Congress for consideration, we will oppose it vigorously,'' members of the the black caucus wrote in a letter to President Bill Clinton. ''We will not support central bank gold sales; we will oppose them in whatever form they are presented to the Congress,'' the letter, signed by 26 black members of Congress, said. ''We intend to examine more realistic, more productive, and less harmful alternatives.'' >> abcnews.go.com Another nail in the coffin of IMF gold sales. :-))

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