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


To: Richard Mazzarella who wrote (63767)2/15/2001 9:57:49 AM
From: long-gone  Respond to of 116764
 
Prior "style" dropping from mass popularity - OT(?)

UBS Warburg drops plans for Clinton speech


NEW YORK
- A London-based financial firm has abandoned plans to have Bill Clinton speak at an investment banking conference because it fears being dragged into the controversies dogging the former president, according to published reports.

UBS Warburg, the parent company of brokerage house PaineWebber, pulled out of discussions to offer Clinton a paid speaking engagement at the April conference, The New York Times and The Wall Street Journal reported Wednesday.

UBS Warburg also was worried that a large speaking fee might give the appearance of impropriety since one of its senior executives had written a letter to Clinton urging him to pardon fugitive financier Marc Rich.

Rich's last-minute pardon has been a central issue in the uproar swirling around Clinton in the weeks since he left office. The House Government Reform Committee is looking into the matter and the Senate Judiciary Committee was set to hold hearings Wednesday.

The UBS Warburg letter, written by executive Pierre de Weck on Dec. 4, urged Clinton to pardon Rich, describing him as "an honest, upright citizen who has also been very charitable."

Spokesmen for UBS Warburg, formerly known as Union Bank of Switzerland, declined to comment on the decision.

Last week, investment firm Morgan Stanley Dean Witter & Co. apologized to customers for paying Clinton $100,000 for a speech during an investment conference in Florida.
interestalert.com



To: Richard Mazzarella who wrote (63767)2/15/2001 10:29:59 AM
From: long-gone  Read Replies (2) | Respond to of 116764
 
<<Forget the helmets, we need boots. >>

After it clears $355, cleanly, it may not turn back strongly lower until we see the $2300 number of which some speak.



To: Richard Mazzarella who wrote (63767)2/15/2001 1:21:28 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 116764
 
I wonder how cheap gold has to get before hedging mining companies can buy gold off the open market for delivery at their contracted higher delivery prices? Some don't even need to mine to remain in business?

Looks like the POG washout is occurring. IMO buy the mining stocks if you have the balls. LOL