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To: Ken Benes who wrote (36120)6/29/1999 1:02:00 PM
From: Zardoz  Read Replies (2) | Respond to of 116752
 
That was NOT a rally. That was contract closing, and spot covering.

Near the End of every month, people on this thread get sucked in by the same Gold price patterns. That's why the XAU stocks hardly moved today {so far}.

There is no need for the producer to get there act together. This is normal course here. At the $450 price level you don't notice the $1.20 change in price nearly as much.

PS: nymex.com
Last Trading Day
Futures: Trading terminates at the close of business on the third last business day of the maturing delivery month.
Options: Expiration occurs on the second Friday of the month prior to the delivery month of the underlying futures contract.

Trading Months
Futures: Trading is conducted for delivery during the current calendar month, the next two calendar months, any February, April, August, and October thereafter falling within a 23-month period, and any June and December falling within a 60-month period beginning with the current month.



To: Ken Benes who wrote (36120)6/30/1999 12:40:00 PM
From: long-gone  Respond to of 116752
 
Tuesday June 29, 7:26 pm Eastern Time
Swiss, Germans should pay Holocaust victims now-WJC
By Joan Gralla
NEW YORK, June 29 (Reuters) - Swiss banks and German firms should start compensating Holocaust victims immediately, instead of waiting until final plans are agreed, because many survivors are elderly and might not live long enough to get any benefits, lawyers and Jewish advocacy groups said on Tuesday.
''They should try to create an emergency fund,'' Israel Singer, Secretary General of the World Jewish Congress, said.
In the past few weeks increasing attention has been paid to the need to compensate Holocaust victims as soon as possible.
Five European insurers decided on June 10 to make interim payments before reaching a final accord that will settle charges that the insurers failed to pay out on prewar life and property policies bought by Holocaust victims.
Singer spoke to reporters after a news conference that covered how 400,000 Holocaust survivors will be told about a $1.25 billion Swiss bank fund and how they can apply for a share. Switzerland's top banks last year set up the fund to resolve claims that they prevented Holocaust survivors from withdrawing their bank accounts and other assets.
Swiss banks should immediately pay out 10 percent of the $1.25 billion fund that they created last year, Singer said.(cont)
biz.yahoo.com
Would this have not been far greater than $1.25 B if gold held by the Swiss Banks were at $400 Vs $260?



To: Ken Benes who wrote (36120)7/7/1999 12:31:00 AM
From: Bill Murphy  Respond to of 116752
 
Perhaps GATA is having a much bigger effect than you could have ever imagined Ken.

This is all happening because of the support of gold shareholders around the world that will not give up and know something is very wrong. They do not ask for victory for their contributions. They just ask for great effort.

Today's letter to Tony Blair is a payoff for all that our team is doing. Tomorrow I have an interview with the FT.

GATA needs contributions and the support of all those that are gold shareholders and believers in free markets.

Best regards,

Bill