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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (73164)	7/12/2001 7:17:36 AM
From: long-gone	Read Replies (1) of 116762

Fear needed you say? Wednesday July 11, 12:55 pm Eastern Time Fed-No comment on emergency Argentina meeting rumor WASHINGTON, July 11 (Reuters) - A Federal Reserve spokesman on Wednesday declined to comment on rumors swirling in some financial markets that the U.S. central bank was to hold, or had held, an emergency meeting about Argentina's mounting financial woes. Spokesman David Skidmore cited the Fed's oft-repeated policy of not discussing financial market rumors in declining to comment. The Fed board did meet earlier Wednesday, but the gathering was previously scheduled and the agenda dealt with the central bank's upcoming monetary policy report to Congress and Regulation K, which governs some U.S. banks' overseas operations. The meeting which, like most Fed board meetings, took place behind closed doors, was put on the schedule on July 3. Worries over Argentina's fiscal situation intensified after a poorly bid debt auction on Tuesday. As one of the largest emerging market economies, investor worries about Argentina have had an effect on other emerging markets as well. biz.yahoo.com

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