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

To: Rarebird who wrote (40377)	9/17/1999 8:31:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 116759

yep, we're headed for some sort of epic disaster in a couple weeks

To: Rarebird who wrote (40377)	9/17/1999 9:03:00 AM
From: Bobby Yellin	Respond to of 116759

this is usually weakest part of year..this still appears like a rotational market..so many corporations have to invest in internet presence etc.. interest rates still aren't high although they are cutting into corporations' expenses..obviously fuel is but historical this past period has produced abnormally low fuel prices.. it looks as if year2k might present relief rally soon.. who knows..the shadow? ps heard that fidelity has high cash position now.. money on the sidelines ready to get in again?

To: Rarebird who wrote (40377)	9/17/1999 9:26:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116759

Protests to Tarnish Second British Gold Sale: LONDON, Sept 17 (Reuters) - The British government is bracing for more protests next week as it holds its second auction of gold since announcing a plan to sell over half its reserves of the 'barbarous relic'. The price of gold slumped to a 20-year low in the wake of the first auction of 25 tonnes on July 6, and Tuesday's sale via the Bank of England comes as the price languishes around $255 per troy ounce. Opposition Conservative leader William Hague has already jumped on the issue as a way of embarrassing the government, calling it incompetent and a waste of taxpayers' money. The issue has been a convenient one for Hague as Prime Minister Tony Blair's government rides high on the back of unemployment and inflation at record lows and growth picking up. Chancellor of the Exchequer Gordon Brown, who announced the sale of 415 tonnes of a total of 715 tonnes of reserves in May, called the decision a technical one. The money raised from the sales will be invested in government bonds denominated in dollars, euros and yen. Bank of England Governor Eddie George has defended the decision as "perfectly reasonable," given the country's exposure to gold, an asset whose price has been falling for 20 years and which earns no return. news.excite.com