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

To: Ahda who wrote (32790)	4/29/1999 7:59:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 116756

Great work. This is a shock. Look at what I put out tonite compared to what he really said. Only Platts printed this. I am jumping on this one big time. A little excitement today in the precious metals arena. Gold was up $3 and silver was rocking once again and closed 15 cents higher. Yesterday, one day after my trip to Washington to visit with Jim Saxton, Chairman of the Joint Economic Committee in the U. S. Congress, he issued this press release: April 28 - Platts - New York - 6:55 PM Proposed - IMF gold sale draws US Congress Opposition "A proposal supported by the President Clinton to sell more than 10-mil oz of gold from the 103.4-mil oz held by the IMF will intensify Congressional opposition to the idea," said Jim Saxton, vice-chairman of the Joint Economic Committee of US Congress. Proceeds of the proposed sales are intended to help some of the world's poorest nations pay their debts. "The recent statments ( by President Clinton and Cabinent members ) presuming that gold sales will definitely take place ignores the fact that the US government has made no commitment and can do so only with Congressional approval, " Saxton said. "The administration is supporting this proposal, but there are serious bipartisan reservations. This bipartisan concern guarantees that this proposal will face tough scrutiny". The very visible and well followed gold market commentator, Andy Smith, had this to say about the press release from his bullion dealing, Mitsui perch: "I'M For sales, continued: 'Hell no' from Congress-enhancing IMF gold sale idea?........ vice chairman of Senate Joint Economic Committee Jim Saxton ( he was mugged by the conspiracy theorists visiting Washington yesterday ).....