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

To: sea_urchin who wrote (31829)	4/15/1999 1:51:00 PM
From: John Hunt	Read Replies (3) \| Respond to of 116770

Nations warm to IMF gold sales,date in doubt << ''We have initially proposed the sale of $1 billion of gold. That is an initial sale that can take place,'' Brown said. ''But of course, there is pressure for more to happen.'' A decision to sell IMF gold needs the approval of countries holding 85 percent of the votes at the international lending institution, which means that the United States -- with 18 percent of the votes -- could block the move by itself. But the U.S. Congress must also approve a gold sale plan, and it is not yet clear whether an administration request will receive enough backing from lawmakers, many of whom are bitterly opposed to the IMF. >> abcnews.go.com ******* PS - A gunman is shooting up the library at the Mormon Church in Salt Lake City.