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


To: John Hunt who wrote (35485)6/17/1999 12:21:00 PM
From: Alex  Read Replies (1) | Respond to of 116768
 
6/17/99 - Gold fall reflects global inflation fall-Greenspan

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WASHINGTON, June 17 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the decline in the price of gold was more a reflection of a decline in global inflation expectations than the effect of central bank sales.

"I"m impressed with the fact that the price of gold is falling and I"m not impressed with the fact that it"s solely the result of the fact that a number of central banks having been selling gold," Greenspan told the Joint Economic Committee of Congres

"I do think that is a reflection of a global reduction in the long-term inflation outlook," Greenspan added.

He said central bank officials looked at a series of commodity indicators but declined to go into details on whether any particular indicator weighed more heavily than another.

REUTERS Rtr 11:55 06-17-99 (



To: John Hunt who wrote (35485)6/17/1999 1:08:00 PM
From: John Mansfield  Respond to of 116768
 
x43.deja.com



To: John Hunt who wrote (35485)6/17/1999 1:09:00 PM
From: Alex  Read Replies (1) | Respond to of 116768
 
Ya mean we have 24 dump trucks full of bronze plated nickel that no one wants overhanging the Canadian dollar. Good God man, what to do? If the price wern't so prohibitive, we could ship it all back to the mint for meltdown, build and erect an enormous hollow statue of Martin in recognition of all he has done to fulfill his number one responsibility - defending the value of our dollar - and declare a national holiday. But alas, to road tar with it.