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To: John Hunt who wrote (32691)	4/28/1999 8:31:00 AM
From: lorne	Respond to of 116759

Hello John. Washington--Apr 27--The International Monetary Fund will "certainly" sell some gold in order to finance the expansion of the program to benefit indebted countries, IMF Managing Director Michel Camdessus said today. He said that support for gold sales was practically unanimous among the Interim Committee members, but said that an agreement had yet to be reached over the volume of gold to be sold. By David Warwick, Bridge News, Story .29465 Washington--Apr 27--International Monetary Fund Deputy Managing Director Alassane Outtarra today said the proposed IMF sale of some of its gold holdings to finance debt relief for highly indebted poor countries shouldn't be done in a hasty way. "It's important" to spread such gold sales over "a reasonable period," Outtarra told reporters on the sidelines of the IMF spring meetings here. By Anne Maitrepierre, Bridge News, Story .26251 Huaraz, Peru--Apr 27--A move by the International Monetary Fund to sell gold would be "totally inconsistent" with its policy of promoting development in poor countries, said Toronto-based Barrick Gold Corp chief executive officer Randall Oliphant. He also said Barrick was hopeful that drilling in the company's newly-acquired property in Tanzania could double reserves there by year end. Reserves at the just-inaugurated Pierina mine have reached 8 million ounces and production this year will reach 835,000 ounces, the official said.By Mary Powers, Bridge News, Story .22866 Moscow--Apr 28--Russia's state savings bank Sberbank has concluded more than 80 contracts for the purchase of more than 20 tonnes of gold from domestic producers this year to date, the bank said in a press statement today. By Vadim Kotikov, Bridge News, Story .13517 crbindex.com

To: John Hunt who wrote (32691)	4/29/1999 7:08:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116759

White House to Urge New Rules for Hedge Funds << The recommendation for greater public disclosure would allow the CFTC or other regulators to require that hedge funds file public financial information every three months. The information would indicate how the company would fare in times of economic stress, such as last fall. Currently, only some hedge funds have to file financial information with the CFTC, and that information is often dated and always kept private. >> washingtonpost.com I am running late with the news this morning ... Too many ZZZZ's. :-))