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

To: lorne who wrote (35442)	6/16/1999 9:55:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 116764

GOLD REPORT – The Great Gold Sale << Governments throughout the world are doing their utmost to devalue their currencies, both relative to the US Dollar and to the real things that money can buy. During the past few months both the British and Swedish Central Banks suffered momentary bouts of candor and expressed their desire to increase inflation. The British also announced the sale of 60% of their gold reserves, possibly to ensure that the Pound keeps pace with the falling Euro. Perhaps for the same reason the Swiss have removed the official link between the Franc and gold. Meanwhile, the European Central Bank has been conspicuously ambivalent regarding the fall in the Euro's exchange value. Strangely enough, gold continues to lead these currencies in a race towards zero ... more ... >> gold-eagle.com

To: lorne who wrote (35442)	6/16/1999 10:42:00 AM
From: Alex	Read Replies (1) \| Respond to of 116764

Indians predict nuclear strike during border war By CHRISTOPHER KREMMER, Herald Correspondent in New Delhi India and Pakistan continued moving troops into position for a possible all-out war, as opinion polls showed most Indians believed nuclear weapons would be used in a conflict. India yesterday resumed air strikes against heavily armed Pakistan-based intruders who have occupied dozens of mountain peaks in Indian-controlled Kashmir near Kargil, 600 kilometres north of New Delhi. However, Western diplomats said heavier than admitted casualties among Indian ground troops battling to retake peaks rising above 5,000 metres in the Himalayan region were increasing pressure on New Delhi to extend air strikes to targets in Pakistan-controlled territory. An Indian Army spokesman, Colonel Bikram Singh, said an estimated 600 intruders remained in the mountains, supported by up to 3,000 people inside Pakistan supplying the fighters with food, ammunition and reinforcements. Colonel Singh said that while artillery was targeting resupply bases in Pakistan-controlled Kashmir, Indian ground forces would not cross the Line of Control (LOC) dividing Kashmir between India and Pakistan. India has reported that 104 of its soldiers have died and 242 have been wounded since the fighting began last month, but informed sources said the real number killed was closer to 1,000. Thousands of civilians continued to flee villages on both sides of the Indo-Pakistan border in Punjab, as well as along the LOC, as tanks, artillery and armour readied for the possibility of full-scale war. Government officials estimated nearly all the residents of 600 villages in Punjab had fled to Sikh shrines in large cities, Associated Press reported. In many places, people cheered soldiers who headed towards the border in tanks and trucks, it said. As air raid sirens were tested in Delhi, an opinion poll published by the Times of India newspaper found that 54 per cent of respondents believed Pakistan would use nuclear weapons in a fully fledged war. India and Pakistan - which have fought three wars since independence in 1947 - both tested nuclear weapons in May last year, and claim to have aircraft and missiles capable of delivering them. While India has pledged not to use them first, Pakistan's standing threat to do so has been criticised by the Stockholm International Peace Institute. The United States President, Mr Bill Clinton, telephoned Pakistan's Prime Minister, Mr Nawaz Sharif, on Tuesday and urged the withdrawal of the intruders, who Islamabad says are Kashmiri separatists. India says they belong mainly to the Northern Light Infantry of the Pakistan Army. Mr Clinton also spoke to India's Prime Minister, Mr Atal Behari Vajpayee, on Monday, urging him not to escalate the conflict. The Pakistan deputy High Commissioner was summoned to the Ministry of External Affairs in New Delhi yesterday to be told of India's outrage at the alleged torture and mutilation of six Indian soldiers, whose bodies were returned by Pakistan last week. smh.com.au