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To: Alex who wrote (17491)9/4/1998 2:33:00 PM
From: scotty  Read Replies (3) | Respond to of 116912
 
HOLY MOLY!.....NEM up 38% in two days....XAU up another 10% today....Nothing like a GOLD RUSH !



To: Alex who wrote (17491)9/4/1998 5:22:00 PM
From: goldsnow  Respond to of 116912
 
Dubinin was speaking after Chernomyrdin outlined economic
07:00 a.m. Sep 04, 1998 Eastern

Dubinin was speaking after Chernomyrdin outlined economic plans to the Federation Council upper chamber of parliament and told them the rouble should be tied to gold and foreign reserves.

But Chernomyrdin also said he was for a monetary emission backed by higher foreign reserves and said the rouble should be allowed to float.

Dubinin added: ''Viktor Stepanovich (Chernomyrdin) said that, if he was confirmed (prime minister) he would adopt a programme based not on uncontrolled spiralling inflation but on overcoming this stage of the economic and political crisis and moving to implementing very tough and disciplined order.''

Copyright 1998 Reuters Limited