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To: John Hunt who wrote (33299)5/7/1999 6:43:00 AM
From: Bobby Yellin  Respond to of 116762
 
I read these releases and substitute the world is in d^&p s$%t
With our huge trade deficit and SS pyramid ..will the English replace the gold with the euro and the dollar?



To: John Hunt who wrote (33299)5/7/1999 6:56:00 AM
From: Alex  Read Replies (1) | Respond to of 116762
 
God forbid that they disrupt the gold market. Isn't this one of the gang who brought us the IMF non-disruptive sales?



To: John Hunt who wrote (33299)5/7/1999 7:39:00 AM
From: terry kennedy  Read Replies (1) | Respond to of 116762
 
ANOTHER chance for gold to prove itself.If we are in a gold bull the metal will shrug off this UK announcement within a couple of days.



To: John Hunt who wrote (33299)5/7/1999 9:15:00 AM
From: john  Respond to of 116762
 
opps i am suppopsed to be elsewhere cheers.



To: John Hunt who wrote (33299)5/7/1999 11:30:00 AM
From: Elsewhere  Read Replies (1) | Respond to of 116762
 
Documenting the biggest one-day gold price plunge since 1993:

Canadian Gold Shares Plunge On UK Plans
Friday May 7 10:42 AM ET

TORONTO (Reuters) ...

Trader Rolie Bradley at Maison Placements Canada Inc. said he believes that while the British sale news was something of a surprise, gold's lack of popularity with industrialized nations' governments and central banks has been long factored into the market.

''All this is in the market,'' Bradley said.

''It's a blow but I think you may find that the price of gold may actually come back to where it was in a few days, primarily because we're starting to get a little antsy about the possibility of rising inflation in North America.''

dailynews.yahoo.com

Gold Falls as U.K. Announces Plans to Sell More Than Half of Its Reserves
By Mark Deen, Dudley White
Fri, 07 May 1999, 10:41am EDT

London, May 7 (Bloomberg) -- Gold dropped more than 3 percent, its largest one-day decline since 1993. ...

bloomberg.com

Gold stocks plunge on U.K. sales
Battle Mountain, Ashanti reel as gold falls $7.20
Last Update: 10:39 AM ET May 7, 1999

cbs.marketwatch.com

Gold Futures Drop as U.K. Unveils Plans to Sell 60% of Its Gold
The Wall Street Journal Interactive Edition May 7, 1999

Move Seen Hurting South African Miners

The U.K. Treasury's decision to sell almost 60% of its gold reserves in the medium term is the latest setback to South Africa's diminished gold industry, still the biggest in the world. ...

interactive.wsj.com