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

To: long-gone who wrote (31015)	4/1/1999 7:21:00 AM
From: lorne	Respond to of 116764

Zurich--Mar 31--The Swiss Finance Ministry said today the government was submitting draft legislation to parliament that would allow a revaluation of the country's gold reserves, once voters had approved the reform of the federal constitution on Apr 18, which will lift the Swiss franc's peg to gold. The bill, which still needs to go through parliament and is likely to be put to the people in a referendum, would allow the Swiss National Bank to sell 1,300 tonnes of its 2,600 tonnes in gold reserves. However, this could only come into effect in spring 2000 at the earliest. Bridge News, Story .18003 Santiago--Mar 31--The president of Placer Dome Latin America, William Hayes, said today he sees gold rising to $350 per ounce in the medium-term. Gold prices should begin to climb during the second half of this year, he said. By David Plumb, Bridge News, Story .24707 crbindex.com