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: Rarebird who wrote (59767)	10/13/2000 10:07:16 AM
From: long-gone	Read Replies (2) \| Respond to of 116759

Yugoslav Bank governor says gold reserves amount to 132m dollars BBC Monitoring Service - United Kingdom, Oct 13, 2000, 207 words Text of report by Serbian news agency Beta Belgrade, 12th Oct: Yugoslav National Bank [NBJ] governor Dusan Vlatkovic said today that the Yugoslav gold reserves at the disposal of the central bank amounted to 132m dollars. "This gold was not moved in any way, nor was there a contract to have this gold transferred somewhere else," Vlatkovic said at a news conference in the NBJ. He pointed out that one part of the gold was located in Basel, but that it was not at the FRY's disposal because the former Yugoslav republics were claiming their rights to the gold, although it originated from the kingdoms of Serbia and Montenegro. Vlatkovic said that the overall foreign currency reserves were so high that the FRY - after the sanctions are lifted - "could count on moving towards recovery quickly" and towards the establishment of a federal foreign currency market. He added that the NBJ had a plan for the establishment of a realistic dinar exchange rate and the possibility of keeping it at that level. We have discussed this, but the condition for this is the formation of a government, Vlatkovic said. The NBJ governor appealed against the prevention of the payment of 40m dollars that the federal government had approved for the servicing of some federal service debts and debt repayment. Source: Beta news agency, Belgrade, in Serbo-Croat 1511 gmt 12 Oct 00 /BBC Monitoring/ © BBC. World Reporter All Material Subject to Copyright search.ft.com

To: Rarebird who wrote (59767)	10/13/2000 11:43:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116759

I'm glad you mentioned that this is a gold thread - however the topic is perfectly germaine because the US is committed to only one side when push comes to shove for reasons which are historic and to do with domestic politics particlarly just now - even the Saudis pale by comparison and the so called Gulf War Coalition is a thing of the past. So it looks like higher energy prices will be here for quite some time. Whether this will impact on gold remains to be seen. There seems to be some determined selling of gold today - whether we're in a trading range or not - or whether it's something more siniser is impossible to tell - but I'm glad the recent efforts have been to the upside. Remember too that there must be some fear out there of a Black Friday - so it's entirely possible that the market is anticipating a flood of liquidity.