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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: lorne who wrote (32223)	4/20/1999 9:28:00 AM
From: John Hunt	Read Replies (1) of 116764

Russia announces default on another major debt << Russia will not be able to pay off $1.3 billion in Ministry of Finance bonds that mature next month, the latest sign of the country's worsening debt crisis, an official said today. Russia already has defaulted on some domestic and foreign debt since an economic crisis hit last August, but it wanted to keep current on its Ministry of Finance bonds, known as MinFins. ''Unfortunately, as hard as we tried to accumulate money and stabilize the situation, we can't do this,'' First Deputy Finance Minister Mikhail Kasyanov told the Interfax news agency from London. >> abcnews.go.com IMF to the rescue again ....

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