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

To: E. Charters who wrote (1876)	11/19/1997 12:39:00 AM
From: The Fix	Respond to of 3744

Mr. Charters.....have you seen this! canoe.ca Seems like good news to me!......Fixer

To: E. Charters who wrote (1876)	11/19/1997 7:06:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 3744

I think the IMPCF "contest" just shows something about human nature and the information age...people are ruled for the most part by emotion and even if they have information...doesn't matter...it is the emotion that counts.. so much for the information age...maybe we are in the "emotional age"...now I am beginning to see little differences between men and women when it comes dealing with others.. anyways I don't understand why the press doesn't cover the discrepancies in gold..maybe they are the only parrots that can be trained? I have been learning such important lessons....most people don't care about anybody but themselves and their own "ego" needs.. others that try "to save the world" tend to get scapegoated.. keep up the great work..be true to yourself!!!!! bobby (read that Fame article from the url you posted..do you agree with the fellow's description of cause of inflation?)

To: E. Charters who wrote (1876)	11/19/1997 11:41:00 AM
From: rayy	Respond to of 3744

Business Wire - November 19, 1997 08:32 %WORLD-GOLD-COUNCIL %NEW-YORK %MINING %METALS V%BW P%BW NEW YORK--(BUSINESS WIRE)--Nov. 19, 1997--Gold demand in the markets served by the World Gold Council -- accounting for about 80 percent of the global total -- increased 6 percent over the same period of 1996, reaching a record 705 tonnes in the third quarter of 1997. The latest figures bring the total for the first nine months of 1997 to 2,191 tonnes, 11 percent ahead of the same stage of last year and another record. Demand in the developing countries of Asia, the Middle East, India and Latin America rose ten percent to a new record for the third quarter. Demand was down two percent in the developed markets, with lower jewelry offtake offset to some extent by growth in investment interest. These are the main findings in the latest issue of the World Gold Council's quarterly survey Gold Demand Trends, published today. Commenting on the findings, George Milling-Stanley, the Council's manager of gold market analysis, said: "The driving force behind the buoyant demand conditions in the third quarter was the Middle East/India region, up 30 percent over the third quarter of 1996 to 344 tonnes. In addition, the continued revival in bar and coin demand played an increasingly significant role, with bars and coins rising 40 percent to 109 tonnes while jewelry offtake at 583 tonnes maintained steady progress (up two percent). "Overall gold demand has remained strong into the beginning of the fourth quarter despite some weakness in parts of Southeast Asia. The record-breaking performance over the first nine months of 1997 provides grounds for optimism about the prospects for the year as a whole. Increasing moves to liberalize the international trade in gold, notably in India, combined with further growth in incomes in most of the key consuming areas, should ensure another good performance for physical demand in 1997." Demand highlights in the third quarter of 1997 compared to the same period of 1996: -- In the developing markets, there was broad-based growth throughout the Middle East, India and Latin America which more than compensated for weakness in parts of Asia. The strongest performers among the leading consuming countries included Taiwan (up 87 percent), India (up 58 percent), the Gulf States (up 34 percent) and Turkey (up ten percent). -- In the developed markets, overall demand was two percent lower. Stronger jewelry demand in the U.S. and Europe was unable to offset continued weakness in Japan, while investment demand was 15 percent higher. -- Demand in India reached the highest level recorded for any quarter (190 tonnes) under the impetus of market liberalization moves. -- Third quarter demand records were also set in the U.S., South Korea, the Gulf States and Turkey. The World Gold Council is an international organization formed and funded by leading gold mining companies from around the world to increase the demand for gold. The countries served by the Council account for approximately 80 percent of global gold demand. CONTACT: World Gold Council Victor Webb, 212/684-6601

To: E. Charters who wrote (1876)	11/20/1997 5:33:00 PM
From: marcos	Respond to of 3744

canoe2.canoe.ca Thursday, November 20, 1997 Financial services pact in play at APEC summit OTTAWA (Reuters) - The APEC meeting in Vancouver this week will be the setting for some serious arm-twisting to forge a worldwide trade pact on financial services among 90 countries in time for a Dec. 12 deadline. "I expect there will be talk in the corridors on the issue," Len Edwards, Canada's assistant deputy minister of trade told Reuters this week. "Players want to make their interests clear." The Dec. 12 deadline for the World Trade Organization's pact to liberalize financial services between scores of nations is quickly approaching, and participants expect negotiations to go down to the wire. The United States and Canada have urged emerging economies in Asia and Latin America to go further in improving access to their financial services markets. But their cajoling comes amid widespread turmoil in Asian financial markets, which has been felt through markets around the world. Memories of a previous failed attempt at forging a financial services pact hang over the participants. "I'm hopeful there will be a consensus (at APEC) in sending the right signal vis-a-vis the WTO process as a way of opening our markets and a way of reforming our markets, rather than delaying that reform," Canadian Trade Minister Sergio Marchi told Reuters Financial Television this week. Senior finance officials from WTO countries met for a round of bargaining in Geneva last week. "There was progress that was made but there needs to be more work done," said one senior Canadian finance official who asked not to be named. "There need to be further concessions from these countries...The next few weeks will be key." Support from the Asia-Pacific Economic Co-operation leaders for the WTO's plan for free trade in financial services would send a strong signal that Asian economies are not running for cover after the recent financial crisis. And APEC support would show that the trade organization is relevant and willing to make its agenda work to resolve current crises while maintaining its long-term trade focus. "APEC has to do trade liberalization, but it also has to respond in a timely and strategic way to what's going on in the world," University of Toronto Professor Wendy Dobson said. "The financial turmoil stems in part not only from exchange rate regimes or...economic policy, but also from the fact there were weak financial systems." She cited "cozy relationships" between governments and financial institutions, particularly in funding large and risky projects. The WTO financial services pact would address those weaknesses, said Dobson, who is on a panel of independent experts who advise APEC. By opening up the world's financial services trade, Asia would expose its markets to sobering foreign competition which would strengthen management practices, help transfer technology and prompt compliance to a clear and transparent set of rules for financial institutions, she said. APEC support for the financial services pact would show that the reluctant emerging economies of Asia had come to a compromise with the United States, Canada and other developed countries. It would also give the WTO process momentum in the same way as APEC support for last year's successful worldwide agreement on information technology did. "We have been contending all along, since early September, that this should be a finance summit," Dobson said. She urged APEC to boost the role of their finance ministers' meetings so they "get serious about peer pressure and monitoring both macro-economic policy and programs toward strengthening the financial system."