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

To: Bobby Yellin who wrote (32241)	4/20/1999 6:16:00 PM
From: lorne	Read Replies (1) \| Respond to of 116762

Hi Morgy Dog. The CBs used this to knock the crap out of gold a year or so ago and it worked real good why not use it again. Gold sale a matter for the RBA Tuesday 20 April, 1999 (2:10pm WST) Prime Minister John Howard says a decision on whether Australia should sell more of its gold reserves is a decison for the Reserve Bank of Australia (RBA), not the Federal Government. Mr Howard made the comment in Kalgoorlie-Boulder during a one-day visit to the Goldfields city. In 1997, the RBA sold half of its gold stocks, a move large sections of the industry have blamed for the current downturn in the gold price. But Mr Howard denies this, saying international currency values and trends have had a greater impact on the industry. He says Kalgoorlie-Boulder's woes cannot be entirely blamed on the gold sell-off. "The difficulties the community has suffered are more due to world circumstances and fluctations in the world price of gold and the idea that one discrete sale from gold holdings caused all the problems is quite wrong," Mr Howard said. abc.net.au