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

To: John Hunt who wrote (32783)	4/29/1999 9:09:00 AM
From: lorne	Respond to of 116762

London--Apr 29--Germany's Commerzbank has acquired a 35% interest in Argor-Heraeus SA, a Swiss gold refinery with an annual refining capacity of 400 tonnes and a production capacity for cast ingots of 2.5 million per year. "The acquisition has made Commerzbank into one of the few banks worldwide which are directly involved not only in precious metals trading but also in purchasing unmarketable physical gold, thus covering the whole spectrum of precious-metals transactions," a press release issued today said. Bridge News, Story .14825 New York--Apr 28--An increase in the amount of gold sales proposed by the International Monetary Fund will likely prompt greater US congressional opposition to the idea, Joint Economic Committee vice chairman Jim Saxton (R-N.J.) said today. Over the past several months, advocates of gold sales have increased the proposed level of such sales from 3.5 million ounces to 5 million ounces, and most recently to 10 million ounces, he said. By Bridge News, Story .24398 crbindex.com