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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (35152)	6/11/1999 8:09:00 AM
From: lorne	Respond to of 116759

BRIDGE ASIA METALS FOCUS: BANKS DENY SALES; AUS GOLD SALES FEW Tokyo--Jun 11--The market continues to mull what could be behind recent falls in gold prices. Speculation includes selling by some central banks ahead of the UK Treasury's first scheduled auction of part of its gold holdings on Jly 6, as well as hedge selling by Australian gold producers. Some of the major central banks in the Asia-Pacific region today dismissed allegations that they may be behind the price falls in recent weeks, while regional dealers believe Australian producers' hedge selling is continuing at a smaller scale than widely believed. (Story .2016) RUSSIA AIDE: CBR PLANS NO GOLD SALES TO SERVICE FOREIGN DEBT Moscow--Jun 11--The Central Bank of Russia does not plan to sell large amounts of gold out of its gold reserves to pay the country's foreign d ebts due this year, a CBR senior official said today. (Story .11849) CENTRAL BANK OF GREECE DENIES SELLING GOLD, OR ANY PLANS TO Athens--Jun 10--The Central Bank of Greece has not been selling any of its official gold reserves and has no plan to do so, senior bank officials said today. "The Bank categorically denies such rumors. The Central Bank of Greece has no intention of selling gold because the foreign exchange reserves are already at US $21 billion and there is no reason for us to sell gold," said Takis Thomopoulos, deputy governor of the bank. (Story .18818) CHINA PBOC LOWERS GOLD PRICES AFTER MAY 20'S CUT Hong Kong--Jun 11--The People's Bank of China (PBOC), China's central bank, has adjusted down official gold purchasing and selling prices in response to lower prices in the international market, the official Xinhua News Agency reported late Thursday. Xinhua didn't report the magnitude of the price cut. The central bank's previous cut in domestic gold prices was on May 20, it said. (Story .10435) crbindex.com Morning John. I take it you included slick with those mad men.