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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: long-gone who wrote (47033)	1/13/2000 8:02:00 AM
From: lorne	Read Replies (1) of 116764

China Press: Beijing consumers rush to buy gold bars Shanghai--Jan 13--The sale of gold bars in Beijing for the first time in 50 years stirred up a gold-rush in the capital city as more than 6,300 go ld bars, weighing a total of 600 kilograms were sold in the past month by the Caishikou Department Store, the only outlet authorized to sell gold bars in Beijing, the official English-language China Daily reported Thursday. (Story .10890) Investors crucial to higher gold prices Toronto--Jan 12--Investors have to perceive that gold is profitable in its own right and in comparison with other industries before they put their money into it, and that is unlikely to happen to any great extent in 2000, said Philip Klapwijk, of Gold Fields Mineral Services. He said that limiting central bank gold sales and declining producer hedging has helped boost gold off record lows but investor demand is essential to gold's long-term benefit. (Story .21897) BRIDGE FOCUS: Merrill exit from commodities equals market low? Chicago--Jan 12--After the poorly kept secret of Merrill Lynch's exit from all agricultural and metal commodities activities was confirmed Wednesday afternoon, market watchers took that signal as the final confirmation of a major low in commodity markets. (Story .23855) crbindex.com

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