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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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From: The Barracuda™	10/11/2007 10:58:55 AM
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Gold shortage developing. GOLD OUTPUT FALLS FURTHER South African gold output falls 4.9% yr/yr in Aug South African gold output fell by 4.9% in August when compared to August 2006. Posted: Thursday , 11 Oct 2007 JOHANNESBURG (Reuters) - South African gold output fell 4.9 percent in volume terms and overall minerals production fell 3.1 percent in August compared with the same month the previous year, official data showed on Thursday. Production of non-gold minerals fell by 2.8 percent in August, Statistics South Africa added. In July, year-on-year gold sales fell 6.1 percent to 3.29 billion rand ($480.8 million), sales of non-gold minerals increased by 1.2 percent to 14.28 billion rand and total mineral sales fell 0.2 percent to 17.57 billion rand, a statement on www.statssa.gov.za said.

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