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

To: Bobby Yellin who wrote (32121)	4/19/1999 7:54:00 AM
From: lorne	Read Replies (1) \| Respond to of 116786

Hi Morgy Dog. Check out this statement in following news item. ....." And even when we are allowed to,"..... Is there still more to go before they can actually sell gold?? Zurich--Apr 19--The Swiss National Bank will not begin selling any of its excess gold reserves after Swiss voters approved the new constitution in Sunday's referendum, SNB spokesman Werner Abegg said. Through the poll the Swiss franc's peg to gold is abolished. "At the very earliest, gold sales will only be possible in the first half of 2000. And even when we are allowed to, we will proceed very cautiously, taking the market situation into account," he said. By Bridge News, Story .11853 Seoul--Apr 19--Trading of South Korea's gold futures jumped 300% to 529,947 contracts during a trial run held Apr 6-14 compared with the previous trial run, according to Korea Futures Exchange (KOFEX). By Dong-Won Suh, Bridge News, Story .10170 New York--Apr 16--The strong rally in base metals stocks over the past few days may signal a metals price rally in about 6 more months and a rebound in the global economy, said Joyce Bish, Merrill Lynch senior analyst for Canadian base metals. The general rule of thumb is that metals sector stocks rally about 6 months ahead of a metals price rally, and metals prices generally rally about 4 months before a global economic revival, she said. By Cristine Denver, Bridge News, Story .22720. crbindex.com