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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Alex who wrote (8465)	3/18/1998 2:33:00 PM
From: Abner Hosmer	Read Replies (1) of 116764

More detail on Belgium: Belgian central bank sells gold ahead of EMU biz.yahoo.com >>''The programme has been finished entirely. It has not influenced prices on the gold market and neither the liquidity of the monetary market,'' Verplaetse told a news conference. ''We will not carry out any more arbitrage of our gold reserves.'' ''In the third phase of EMU (economic and monetary union) the amount of external reserves held will be five to six times higher than the amount which will be transferred to the European Central Bank and one third of these external reserves will consist of gold,'' Verplaetse said.<<

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