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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Alan Whirlwind who wrote (30275)	3/18/1999 7:11:00 AM
From: lorne	Read Replies (1) of 116762

Bucharest--Mar 18--The National Bank of Romania Governor Mugur Isarescu said in a press interview today that nearly half of Romania's gold reserves could be swapped for cash to sustain at least 6 weeks of imports following the May-June peak payment of foreign debts. Bridge News, Story .11018 Toronto--Mar 17--Canadian gold-mining giant Placer Dome Inc. said remarks from US president Bill Clinton urging the International Monetary Fund to sell gold to fund poor nations should have little negative impact on the gold market, as the IMF would only be selling a small amount of gold. Nevertheless, Placer Dome maintains that the proposed sale of gold remains detrimental to the gold market, as such comments may lead to increased speculative short selling of gold. By Daniel Naccarato, Bridge News, Story .24654 crbindex.com

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