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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )
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To: Robert J Mullenbach who wrote (114)9/22/1999 2:12:00 PM
From: Robert J Mullenbach  Read Replies (2) of 462
 
here is what we like to see, buying by big TWO.

usagold.com

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Gold soared yesterday after the announcement that the heavily publicized
and criticized Bank of England gold auction was eight times oversold and
that two South African mining companies were strong bidders. South
African-based Gold Fields, one of world's largest mining companies
successfully garnered 12.5% of the 25 tons offered. Its chairman, Chris
Thompson stated that Gold Fields would have bought more if they could
have; that they will buy more in future auctions and that they did it
because "it is time for the gold producers to start supporting the gold
industry." Strangely, the Gold Fields action was omitted in most of the
mainstream press reports this morning despite its obvious importance and
contribution to bolstering the gold market. It did get a short mention sans
the significance in Reuters this morning under a typically oppressive
headline about producers selling into rallies. The mainstream financial
press in heavily anti-gold and tends to slant its articles away from any
bullish developments in the gold market. AngloGold also announced
yesterday that it bid in the auction and that it would bid again in the future.
The action of two of the world's top mining companies serves as a
warning shot across the bow of those short the market.

happy buying in gold boom.
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