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To: goldsnow who wrote (25769)1/10/1999 9:09:00 AM
From: lorne  Read Replies (1) | Respond to of 116791
 
Russia denies default, says no assets to be seized
Sunday January 10, 4:53 am Eastern Time
biz.yahoo.com



To: goldsnow who wrote (25769)1/10/1999 12:03:00 PM
From: Alex  Read Replies (2) | Respond to of 116791
 
1/10/99 - Russia"s gold reserves down 77mln USD by Jan 1.

<Picture>

MOSCOW January 10 (Itar-Tass) - Russia"s gold reserves fell by 77 million USD in the last week of 1998 and totaled 12.223 billion dollars as for January 1, 1999, the Central bank said Sunday.

Compared to the beginning of 1998, when Russian gold reserves comprised 17.784 billion dollars, they decreased 31.3 per cent.



To: goldsnow who wrote (25769)1/10/1999 5:21:00 PM
From: Zardoz  Read Replies (1) | Respond to of 116791
 
"Hutch, forgive me for the question but why out of so many potential candidates a Gold Bear like youself would get on ABX case...without going into specifics why would one go after the leader of the pack?"

Because the leader has more control over the pact, and POG, then the followers. And as such is more correlated with the Canadain dollar, BP, and USD, then others. {they push more GOLD around}


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