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

To: lorne who wrote (36561)	7/5/1999 5:18:00 PM
From: Alex	Read Replies (1) \| Respond to of 116753

7/05/99 - IMF Reassures Gold Markets on Sales <Picture> GENEVA, Jul 05, 1999 (AP Online via COMTEX) -- Gold markets have nothing to fear from the International Monetary Fund"s plan to sell gold to finance debt relief for poor countries, the IMF"s managing director said Monday. Responding to the ""legitimate preoccupation"" of gold producing countries, Michel Camdessus said he believes that ""we can find a solution that everyone can accept unanimously."" Leaders of the world"s main industrial nations meeting in June in Cologne, Germany, gave the go-ahead for the IMF to sell 10 million ounces of its $27 billion in gold reserves to help finance the IMF portion of debt relief for poor countries. In the United States, Senators Jesse Helms and Chuck Hagel have charged that the sale would hurt many of these nations and the U.S. gold industry. Lawmakers representing gold mining states have also objected. ""We"re selling 10 percent of our gold. That means we"re keeping 90 percent of our gold and we have no desire to see our remaining 90 percent losing any of its value,"" Camdessus told reporters in Geneva, where he was attending the annual meeting of the U.N. Economic and Social Council. ""So we won"t be so stupid as to sell the gold in a disordered and unplanned way which risks depressing further an already depressed market."" Although U.S. approval will be needed for the sale, ""I have no reason to doubt the good sense of the United States and I think we will be able to convince them that the way we will proceed poses no major danger to the gold market or to American gold mines,"" Camdessus said. Copyright 1999 Associated Press, All rights reserved.

To: lorne who wrote (36561)	7/6/1999 5:15:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116753

But will guardsmen be Y2K-ready? << While the National Guard prepares for possible Y2K related civil disturbances and terrorist threats,its own computers are falling far behind in becoming Y2K compliant, according to a National Guard computer systems specialist ... more ... >> worldnetdaily.com *** The National Guard's new Y2K RAID team << A new National Guard RAID unit is being organized and trained to respond to domestic terrorist threats, with a team in every state and territory in time for Y2K ... more ... >> worldnetdaily.com *** How RAID teams work << The potential for terrorists to use weapons of mass destruction within the borders of the U.S. has led to the formation of a special team of experts in every state. The Department of Defense is creating Rapid Assessment and Initial Detection (RAID) teams to deal with the problem ... more ... >> worldnetdaily.com Morning Lorne, Sorta gives 'May we live in interesting times' a whole new meaning, doesn't it? :-(( John