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To: Baba 2 who wrote (48750)2/10/2000 5:45:00 AM
From: Alex  Respond to of 116785
 
<<SYDNEY, Feb 10 (Reuters) - A threat by Australian dollar to break below its February range was thwarted on Thursday by a late short squeeze -- driven in part by a rumour in Sydney markets the Bank of England would announce a freeze in gold sales. >>

imoney.ca



To: Baba 2 who wrote (48750)2/10/2000 6:22:00 AM
From: Baba 2  Read Replies (2) | Respond to of 116785
 
Just when I thought a bit of common sense might indeed be reflected by a Brit.......

LONDON, Feb 10 (Reuters) - Britain said on Thursday it had not changed or halted its gold sales policy. ``We have not in any way changed our gold sales programme,' a Treasury spokesman told Reuters.
Rumours of an imminent halt to British gold sales had earlier swept financial markets in Sydney, underpinning the value of the Australian dollar. Britain last month sold 25 tonnes of gold at the fourth of a series of auctions aimed at cutting its gold reserves to 300 tonnes from 715 tonnes.

....common sense, Britain ?...too much to ask for I suppose..



To: Baba 2 who wrote (48750)2/10/2000 11:36:00 AM
From: The Barracudaâ„¢  Read Replies (1) | Respond to of 116785
 
The US Treasury's flip flop on T-bond issuance whacked a lot of dealers. Hutch is probably very busy at work now.

The two recent melt downs in the SP 500/Dow were caused by the Summer's comments.