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

To: PaulM who wrote (24451)	12/16/1998 11:31:00 PM
From: Alex	Respond to of 116955

"In the fall of 1973, when Mr. Nixon was starting to get into trouble, to me it was no accident that OPEC chose that moment to quadruple oil prices," said Nicholas Perna, economist for Fleet Financial Group in Hartford, Conn. "That is the kind of action that takes place when someone, somewhere, thinks we are vulnerable." cbs.com

To: PaulM who wrote (24451)	12/17/1998 4:22:00 PM
From: Alex	Read Replies (3) \| Respond to of 116955

GOVERNMENT METAL REPORTS: LOWER SWISS HOUSE APPROVES GOLD AMENDMENT <Picture> New York-Dec. 17-FWN--THE LOWER HOUSE OF SWITZERLAND'S parliament has approved a constitutional amendment that would allow the country to reduce its gold reserves, according to traders and news reports. Sources noted, however, that the proposal still is far from final approval. It must pass the upper house next year. Then it would have to go to the masses in a referendum during the year 2000. An opinion poll commissioned by the World Gold Council earlier this year showed that 69% of the Swiss public believes that reserves are an important element of the country"s monetary system. Nevertheless, market watchers linked today"s vote in the lower house to some of the softness in gold prices today, since it is the first step toward potentially allowing sales. If approved, the measure could allow sales of some 1,300 metric tons, contacts said. The vote was 95 to 57, according to reports.