Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Enigma who wrote (47314)	1/20/2000 8:50:00 AM
From: lorne	Respond to of 116763

IMF sold, bought back 14 mln oz gold -Camdessus Reuters Story - January 19, 2000 06:52 "Yes, 'Operation Gold' is ready. The 91 countries decided to place the funds at our disposal," he said. Full story >>> marketwatch.newsalert.com

To: Enigma who wrote (47314)	1/20/2000 11:42:00 AM
From: lorne	Read Replies (2) \| Respond to of 116763

OT . German Finance Minister Poised for Top Post at IMF Jan 20, 2000 - 08:10 AM ap.tbo.com

To: Enigma who wrote (47314)	1/20/2000 6:10:00 PM
From: Alex	Read Replies (3) \| Respond to of 116763

No problem E. Getting back to my original post, I just feel that the recent run-up from $280 to $290 in the pog is too similar to what happened before the last auction. On that auction day, all of the previous rise was given up. I try to come up with other reasons why the price has risen in the last few days, (such as money flowing out of bonds, people starting to believe that the rise in the oil price is real and inflation is on its' way, and so on) but they seem flimsy to me. Plus, commercials don't appear to be all that bullish right now, but then again, they've been on the wrong side of this for almost as long as me : - ). Anyway, enough babbling from me............ Swiss cantons, government agree on gold procceds BERNE, Jan 20 (Reuters) - The finance directors of the Swiss cantons (states) said on Thursday they had agreed with the federal government on how to spend proceeds from the planned sale of excess Swiss National Bank gold reserves. In a statement after a meeting with Finance Minister Kaspar Villiger, the finance directors said they still supported the government's plan to create a humanitarian fund with 500 tonnes of the 1,300 tonnes earmarked to be sold. It added that the remaining money should not be used for state expenditures but instead go toward reducing debt at the state and cantonal level. This, they said, would benefit the entire population. Some political parties, such as the populist SVP which made strong gains in last October's parliamentary elections, have said the money should go to shore up the state pension fund AHV. The Swiss National Bank is almost entirely owned by the federal government and the constituent cantons. ((Zurich newsroom, tel +41 1 631 7340, fax +41 1 251 0476, e-mail zurich.newsroom@reuters.com)) imoney.ca