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

To: Alex who wrote (33829)	5/13/1999 10:35:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116779

"The security of Saudi Arabia...is our security. We don't need foreign forces for that..." "Tehran is also eager for cooperation with Riyadh in other fields. Consultations between the two on oil price policy paved the way to a series of agreements by oil producers in March to reduce output, which has pushed the April price per barrel above 15 dollars." asia.yahoo.com

To: Alex who wrote (33829)	5/13/1999 11:02:00 PM
From: hunchback	Respond to of 116779

Federal Reserve Board Vice Chairwoman Alice Rivlin said today Washington-May 13--Federal Reserve Board Vice Chairwoman Alice Rivlin said today a drop in the US stock market remains a "downside risk" to the US economic outlook. The US economy, however, "would survive that," she added. In a question and answer session following an address on Minnesota Public Radio, Rivlin said one must keep an eye on any stock market gyrations. "I think it's something to watch," Rivlin said, adding "one downside risk (to the US economic outlook) is that we may get a turndown in confidence and a drop in the stock market." Although she did not elaborate on whether some people were too optimistic about companies' future earnings, Rivlin said "somebody is being very optimistic about earnings to want to pay these prices." While she said there is "certainly that (downside) risk," the US economy "would survive" such a stock market drop. marketwatch.newsalert.com

To: Alex who wrote (33829)	5/14/1999 6:32:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116779

Lies, More Lies and Plain Old B.S. (Is the LBMA in trouble?) Professor von Braun, The Rocket School of Economics << We have made mention before of the discrepancy between the supply and demand numbers for gold published by Goldfields Mineral Services (GFMS) and the published turnover on the London Bullion and Metals exchange (LBMA). This "difference" is huge. Even though this turnover dropped to 27 million ounces per day according to recent announcements, this number still amounts to 900 tonnes per day. The entire worlds known above ground gold reserves are traded two and one half times per year (????) Yet the supply /demand numbers are estimated at 4000 tonnes on the demand side and 2600 tonnes on the supply side per annum. -- cont'd -- >> gold-eagle.com