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To: Lalit Jain who wrote (40192)	9/10/1999 8:08:00 PM
From: teevee	Read Replies (1) \| Respond to of 116762

Lalit, LOL & ROTFLMAO....This is the greatest "cheque kiting" scheme I have ever seen. Also, When central banks are reduced to turning bars into 1/10, 1/2 and one ounce coins and such to increase their liquidity, it tells me that the price has only one direction to go....and that is down.....perhaps we should start a contest to see who guesses the closest to when the POG hits $200/ounce:-)) regards teevee

To: Lalit Jain who wrote (40192)	9/10/1999 8:17:00 PM
From: Zardoz	Read Replies (3) \| Respond to of 116762

This IMF deal is dangerous for the POG if it is done at any price other then market value. And knowing it's coming from the IMF, you can expect if to be done considerable below production value. And that's near $200. The Gold bulls would've been better off with the sales done through the markets place. Hutch.

To: Lalit Jain who wrote (40192)	9/11/1999 12:36:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116762

<<The IMF needs the money to fund its obligations under the Heavily Indebted Poor Countries initiative and also to help fund its low-interest loans to developing nations.>> Yeah, just see how much good it did in East Timor.

To: Lalit Jain who wrote (40192)	9/11/1999 4:24:00 AM
From: Alex	Read Replies (1) \| Respond to of 116762

U.S. worried about free-trade backlash AUCKLAND, Sept 11 (Reuters) - U.S. Commerce Secretary William Daley warned on Saturday that a growing U.S. trade deficit was fueling protectionism in America, and urged Asia, Europe and Latin America to boost growth to rein in the trade imbalance. ``Our record-breaking trade deficit is fueling the fires of protectionism at home,' Daley told a business group on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum in Auckland, New Zealand. ``This has to change.' Daley urged major U.S. trading partners to boost domestic demand and speed the pace of market reform. ``America cannot fuel global growth forever. We need to be exporting more,' Daley said. ``The rest of the world -- Europe, Latin America, Asia -- all must spur demand, and get their economies growing again. This, more than anything, would prevent a public backlash in America against trade liberalization.' Many U.S. lawmakers have urged the Clinton administration to clamp down on foreign imports. In response to complaints from U.S. industry groups and their supporters in Congress, the administration has already imposed restrictions on steel, lamb and other imports, drawing fire from European states and APEC members. ``It's pretty obvious that there's been a kind of breakdown in political support for trade,' Daley said. If protectionism picks up pace, it may be hard for the United States to play a leadership role in the next round of global trade talks, starting in Seattle in November under the auspices of the World Trade Organization. biz.yahoo.com