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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (333)	7/6/1999 10:40:00 AM
From: John Pitera	Respond to of 19219

British gold rush draws motley crew of critics By Lyndsay Griffiths LONDON, July 6 (Reuters) - The start of Britain's sale of half its gold reserves drew fire on Tuesday as traditionalists joined with miners, and Eurosceptics with jewellers, to protest the switch from ingots to paper money. When the Bank of England announced plans in May to auction off 415 tonnes of gold, markets were stunned. But the first of its five auctions, totalling 25 tonnes, was oversubscribed five times on Tuesday and analysts declared it a ''good start.'' Others were less pleased. South African President Thabo Mbeki says his nation's mines are under threat from the sell-off. For traditionalists, the nation's piggy bank is being raided, while the World Gold Council, which represents producers, says its lines have been jammed with protests. biz.yahoo.com