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

To: Bobby Yellin who wrote (40565)	9/21/1999 3:31:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116767

8 X this time at a price above the floor - also the B of E is backing off - altogether a good day and the shorts must still be sweating and long may they do so

To: Bobby Yellin who wrote (40565)	9/21/1999 4:28:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116767

Washington, Sept. 21 (Bloomberg) -- A U.S. senator is asking the government to combat rising crude oil prices by releasing ``several hundred thousand barrels a day' of oil from the nation's Strategic Petroleum Reserve. As the Organization of Petroleum Exporting Countries meets in Vienna to ratify a plan to restrict oil output until April, Charles Schumer, a New York Democrat, sent letters to President Bill Clinton and Energy Secretary Bill Richardson urging them to take the action to reverse a surge in oil prices to around $25 a barrel from about $10 in December. ``This continuation of OPEC's supply quota policy will have a severely detrimental effect on the U.S. economy in the coming months, and I believe requires immediate action,' the letter said. quote.bloomberg.com

To: Bobby Yellin who wrote (40565)	9/21/1999 4:35:00 PM
From: goldsnow	Respond to of 116767

The WGC believes that the government should pay heed to the growing army of opponents to the gold auctions. The ranks of those ordinary citizens who are vigorously contesting the wisdom of selling one of the UK's strongest reserve assets are growing daily. Following the last auction almost 50,000 people - from all walks of life registered their disapproval. The latest stage of the WGC's "Hold Onto Our Gold" campaign, designed to dissuade the Treasury from this action, has already accumulated another 10,000 supporters, and it is anticipated many more will join before this week is out. Mr Mead expressed surprise that the UK Treasury was pressing ahead with its sales when the International Monetary Fund is, apparently, poised to abandon its own plans to sell gold onto the open market. The IMF seems to recognise that the sale of as much as 311 tonnes of its gold would have a deleterious impact on the gold producing nations of the developing world. "By halting these auctions now, Mr Gordon Brown, the Chancellor of the Exchequer, could send a signal to the international gold market, which would undoubtedly help boost the future gold-related export earnings of many of the world's poorest countries. He would also win the admiration and approval of the tens of thousands of ordinary British voters who are now anxiously watching their country's gold reserves dwindle both in size and value," said Mr Mead. infoseek.go.com