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To: Baba 2 who wrote (48753)	2/10/2000 6:48:00 AM
From: long-gone	Respond to of 116786

<<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..>> Of more import may be how these are reported - if at all.

To: Baba 2 who wrote (48753)	2/11/2000 9:18:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116786

Big dip worse in silver kitco.com also: Household Financial Conditions Household financial indicators show little change compared to previous months. Personal bankruptcy filings declined slightly, dropping 21,014 to 314,564, while credit card loss rates increased somewhat to 4.38%. Consumer delinquencies on bank credit cards and installment loans scarcely increased. Late payments on mortgage loans showed no change from previous figures.(cont) clev.frb.org The Current-Account Deficit The U.S. current-account deficit has increased sharply since 1997 and is likely to top $360 billion (approximately 3.5% of GDP) when final data for 1999 become available. Most economists expect the deficit to rise further this year and next. For the most part, the deficit in the U.S. current account moves in tandem with the deficit in our country?s goods and services trade, but a growing shortfall in our net investment income could quickly become another important element. This shortfall results from the financing of trade deficits. The U.S. has been importing more than it exports and has been paying for the surfeit by issuing securities, such as bonds and stocks, that give foreigners a claim on our future income. The process requires an inflow of foreign capital to the U.S. Since 1997, private?rather than official?capital inflows have risen dramatically. In 1988, foreign claims on the U.S. exceeded clev.frb.org All, also see inflation...