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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.88

+4.2%

4:00 PM EST

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To: Sergio R. Mejia who wrote (19974)	9/28/1998 11:43:00 AM
From: Giraffe	of 116801

In addition, dealers wanting to sell gold have been unable to borrow large amounts of gold in the market because recent reports of credit difficulties at a few international financial firms, such as Long-Term Captial Management, have made some gold holders reluctant to lend, they said. Due to reduced lending, 1-month lease rates for gold have risen to around 2.0%, up from 0.5% in early September, they said. Remember this post from a couple of weeks ago re. lease rates? techstocks.com

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