Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (4179)	3/12/1999 8:46:00 AM
From: lorne	Read Replies (1) \| Respond to of 81008

New York--Mar 11--The New York Mercantile Exchange said today that it will decrease the minimum margin for sellers of gold, silver and copper options at the close of business Friday. The margin will fall to $10 from $20 for gold; to $10 from $31 for silver and to $10 from $25 for copper. By Bridge News, Story .16942 London--May 12--The London Metal Exchange said today a meeting of the board of directors Wednesday resolved that trading on the new LME silver contract was targeted to commence May 10, with the first available prompt date being Aug 10. Cash trading would commence Aug 6, it said. By Miranda Maxwell, Bridge News, Story .15030 Bucharest--Mar 11--National Bank of Romania Chief Economist Valentin Lazea today confirmed that the bank was engaged in talks with Swiss bank UBS over a loan designed to boost its hard currency reserves using around 35 tonnes of gold as collateral. By Vladimir Rodina, Bridge News, Story .13381 London--Mar 12--The London Bullion Market Association said today that average daily cleared turnover for silver in February was up by 30% month-on-month to an average 277.3 million ounces, but was still down substantially from 347.8 million in February, 1998. Meanwhile, cleared gold turnover in February fell to a record low of 26.7 million ounces, down around 30% on levels seen in both February 1998 and February 1997. By Miranda Maxwell, Bridge News, Story .15206 crbindex.com