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

To: John Hunt who wrote (30432)	3/22/1999 8:46:00 AM
From: lorne	Respond to of 116796

Morning John, getting a bit of snow? London--Mar 19--International Monetary Fund (IMF) Articles which prohibit members from pegging currencies to gold ignore the fact there are sound economic reasons why some countries would find this advantageous, Dick Ware of producer-representative body, the World Gold Council's center for public policy studies, said today. By Miranda Maxwell, Bridge News, Story .16214 Sydney--Mar 22--A draft proposal prepared by Germany for the upcoming meeting of the Group of Seven industrialized nations includes the sale of 5-10 million ounces of gold holdings held by the International Monetary Fund (IMF), the leading Japanese financial newspaper reported from Washington. Bridge News, Story .10460 London--Mar 19--Analysts at UK stockbroker T Hoare and Co. believe the "foundations are being laid for a recovery in the gold market, purely on a fundamental basis," and have forecast an average spot gold price of US $320 per ounce for 1999 and $340 in 2000, up from $294.23 in 1998. T Hoare said it was "looking to this year as a year of recovery and longer-term consolidation thereafter." By Gavin Maguire, Bridge News, Story .18688 crbindex.com