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

To: Alex who wrote (46156)	12/20/1999 9:14:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116837

Precious metals prices in the balance Flip Meyer and Reuters Investors in commodities such as gold, platinum and palladium should get a better picture of the size of their ?Christmas bonus? when the market opens in London on Monday. After firm increases in the metals last week, prices weakened on Friday. The prices of platinum and palladium moved last week and registered strong ... news.24.com The other side of the Siwss sales story: Swizz Nat Bank freezes gold lending at Sept levels Zurich ? Swiss National Bank Deputy Chairman Jean-Pierre Roth confirmed on Friday that the SNB had frozen gold lending at levels seen when 15 European central banks agreed in September to limit gold operations. "Clearly we had to stop further increasing gold lending because one part of the agreement was that central banks do not expand their gold lending operations. So we have stopped expanding our gold lending operations," he told Reuters after the SNB's year-end news conference. He was not more specific. He also declined to discuss the method by which the SNB was likely to sell 1 300 tonnes of excess gold reserves no longer needed for monetary policy. Roth reiterated he hoped legislation authorising the gold sales would win final parliamentary approval by the end of this year. It would then have to be officially published and face a three-month period in which any opponents could try to force a referendum under Switzerland's system of direct democracy.(cont) news.24.com