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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: tekgk who wrote (1001)	9/28/1999 10:33:00 AM
From: long-gone	Read Replies (1) of 116756

COMEX Dec gold hits 6-1/2-month high, over $300/oz NEW YORK, Sept 28 (Reuters) - COMEX gold futures shot to their highest level since March 12 on Tuesday morning, with December delivery breaching $300 an ounce amid more panicky buying on the heels of Sunday's announcement of a sales moratorium by European central banks. ``The market is extremely nervous,' said Don Tierney, of Pell Brothers Trading. ``There is some selling around but it looks like there is some general public buying.' At 0925 EDT, December gold was up $22.40 at $306.20 an ounce, near its morning peak of $306.50. Bullion prices were also screaming toward the pshychological $300 an ounce level, hitting their highest since mid-October on options-related buying, short covering and mine hedge reversals.(cont) biz.yahoo.com & Merrill Ups Barrick Gold to Long-term Buy Vs Accumulate (This is a headline-only alert, although it will likely be followed by an article soon) biz.yahoo.com

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