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

To: Karen E Hoof who wrote (16233)	8/20/1998 2:52:00 PM
From: Alex	Read Replies (1) \| Respond to of 116764

Caracas stocks off 9.26 pct on devaluation fears CARACAS, Aug 20 (Reuters) - Investors shrugged off repeated official assurances that there would be no devaluation of Venezuela's bolivar currency and dumped shares, sending the (^IBC - news) IBC index down 9.26 percent to 3,451.18 by midsession, brokers said. ''It's because of the devaluation rumors. It's become a terrible snowball, out of control,'' said Banesco broker Simon Brad. Brokers added, however, that volume was extremely thin. ''There's absolutely nobody buying,'' one said.