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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%4:00 PM EST

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To: John Pitera who wrote (20702)7/21/1999 4:30:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
Intersting about GOLD

Wednesday July 21, 4:07 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.)

Leach sees Congress blocking IMF gold sales

WASHINGTON, July 21 (Reuters) - Jim Leach, the influential chairman of the House of Representatives Banking Committee, said on Wednesday he opposed sales of gold from International Monetary Fund reserves and expected the rest of Congress to do the same.

''I strongly support debt relief but will oppose the gold sales,'' the Iowa Republican told Reuters. ''Congress is likely to preclude gold sales as part of debt relief.''
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