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To: Enigma who wrote (22010)	10/20/1998 3:01:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

OT E., I never knew you had been involved with President Clinton. Thought you would have told us - your friends. Heard on CNBC last night, about a book named "The Clinton Enigma" by David Moraniss. A "kiss & tell"? rh on topic, gold & silver futures flat for the day. XAU up. Strong sign?(!) rh

To: Enigma who wrote (22010)	10/20/1998 3:22:00 PM
From: Alex	Respond to of 116764

Australian gold sector meets to form industry body By Michael Byrnes SYDNEY, Oct 20 (Reuters) - Major players in Australia's A$6 billion a year gold sector met in the Western Australian capital of Perth on Tuesday ahead of the expected formation of the industry's first unified body, the Australian Gold Council. A total of 58 companies met to form a group to promote the interests of the Australian gold sector, one of the biggest in the world. The move to form the council was triggered partly by the Reserve Bank of Australia's (RBA) sale of two-thirds of its gold reserves last year, Tony Johnson, executive officer public affairs of the Chamber of Minerals and Energy in Western Australia, told Reuters. The RBA sale, which involved the offloading of 167 tonnes of gold, helped drive down gold prices and infuriated local producers. Johnson said all the big gold interests in Australia, including a big cross-section of explorers and producers from across the country, were attending the meeting. The group is being driven principally by Normandy Mining Ltd , Australia's biggest producer, and Sons of Gwalia Ltd. Other major supporters of the Australian body are WMC Ltd and Goldcorp, the operator of the Perth mint. Johnson dismissed fears that the Australian body was being formed to rival the Geneva-based World Gold Council. ''Sectoral groups within the minerals industry, whether in aluminium or coal, that have their own association. This (the Australian Gold Council) would complement what we're doing through state chambers or the Minerals Council,'' he said. ''It's not intended to duplicate anything. (But) they feel state and national industry associations represent a whole of industry approach. They (gold producers) certainly felt after the Reserve Bank announcement that it had sold its gold reserve that they were not well understood,'' he said. ''They needed to raise their profile, to conduct marketing initiatives,'' he said. The new organisation would look at specific gold issues in marketing, profile raising and taxation, he said. The group was not aimed at restricting production but was aimed at information promotion, he said. biz.yahoo.com