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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Mark Bartlett who wrote (42130)	10/5/1999 6:57:00 AM
From: paul ross	of 116796

ASHANTI GOLDFIELDS FACES MARGIN CALLS AFTER GOLD PRICE RISE Melbourne--Oct 5--Ashanti Goldfields Co. Ltd. said today that the recent huge rise in the price of gold has left it with an obligation to pay margin calls to its gold-hedging counterparties, but that it has entered an arrangement with its hedging partners for continuing support.On Friday, Ashanti said it had restructured 80% of its hedges to remove its sensitivity to the rising price. kitcomm.com

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