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

To: Bill Murphy who wrote (30344)	3/19/1999 6:34:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 116761

Don Coxe with Harris Investment Mgmt seriously doubts that IMF gold sales will occur. He also is concerned about value of US $ later this year with US debt increasing at the rate of $1 billion/ day.

To: Bill Murphy who wrote (30344)	3/19/1999 7:55:00 PM
From: Alex	Read Replies (1) \| Respond to of 116761

Excellent write-up Bill. There has been so much negative said about gold in the last two years. It would be great to see a reversal on one of these negative stories. Did you notice Clintons' remarks on Rubin in todays' press conference................. Clinton: No Discussions With Tsy's Rubin Re: Resignation By Bill Watts FWN Washington Bureau Chief Washington-March 19-FWN--President Bill Clinton today said he hopes Robert Rubin will remain in his post as Treasury secretary, but acknowledged that he has had no recent discussions with him about future plans. Speaking at his first full news conference in almost a year, Clinton said Rubin "has served well; he has worked hard. I hope he will stay." Rumors that Rubin is set to leave the Cabinet have circulated almost non-stop for several months. But speculation moved up a notch this week after it was learned Rubin won't be attending a meeting of Pacific Rim economic officials in May. A Treasury spokesman earlier this week rejected suggestions that Rubin's failure to attend the Asia-Pacific Economic Cooperation forum in Malaysia indicated resignation is imminent. Observers have noted, however, that this will be the first time Rubin has not attended the annual gathering as secretary. The President said he has not had any recent conversations with Rubin regarding the secretary's personal plans for the future. "I'm aware of all the rumors, but we have not had a conversation about it," Clinton said. Clinton also said he hasn't had any discussions with Federal Reserve Board Chairman Alan Greenspan, whose term expires next year, regarding reappointment. No conclusions should be drawn "one way or the other," Clinton said. "It has not come up." In response to questions regarding the U.S. and world economy, Clinton refused to comment specifically on the high-flying Dow Jones Industrial Average, which breached the 10,000 barrier three times this week, but failed to close above that level. He said it is important that the Russian Duma pass various reforms in order to ensure that aid brokered by the International Monetary Fund serves to bolster the country's ailing financial system and economy. Clinton also reiterated his call for shoring up the Social Security system. (c) Copyright 1999 FWN