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

To: russwinter who wrote (66136)	3/19/2001 9:34:54 AM
From: long-gone	Respond to of 116756

Sunday March 18 3:18 PM ET Senators Want Greenspan to Cut Rates By RON KAMPEAS, Associated Press Writer WASHINGTON (AP) - Democratic and Republican lawmakers ratcheted up the pressure on the Federal Reserve (news - web sites) to lower interest rates this week to stimulate the lagging economy. ``People's confidence is shaken. Their ability to plan housing and automobiles, their savings, their retirements, are altered,'' Sen. Robert Torricelli (news - bio - voting record), D-N.J., said Sunday, after a week in which the Dow Jones industrial average declined a worst-ever 821.21 points. ``It would be inconceivable to me if the Federal Reserve did not respond this week by lowering interest rates,'' he told ``Fox News Sunday.'' ``It would be outrageous. And I trust the Fed has that message.'' The Fed's policy-making Open Market Committee meets Tuesday. Analysts are suggesting a reduction of at least one-half of a percentage point. (cont) dailynews.yahoo.com

To: russwinter who wrote (66136)	3/19/2001 10:33:29 AM
From: goldsheet	Read Replies (1) \| Respond to of 116756

South Africa's AngloGold Ltd said Friday it expects to post a 2.1% dip in gold production in 2001 to 7,089,000 ounces (220,523 kilograms) compared to 7,243,000 ounces (225,295 kg) in 2000 after selling its Deelkraal and Elandsrand operations. However, AngloGold marketing director Kelvin Williams told I-Net Bridge production was expected to pick up again with new projects and expansions over the next two years. 2.1% isn't much of a drop considering assets were sold and the last sentence is scary - new projects and expansion ??