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Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.83-4.4%Jan 29 4:00 PM EST

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To: Alex who wrote (60345)10/29/2000 11:10:05 PM
From: lorne  Read Replies (1) of 116931
 
AngloGold builds hedge book but is more positive on gold
Posted: 2000/10/29 03:45 PM GMT+2
" AngloGold has increased its hedge book by more than a million ounces owing to the limited price range and lower spot gold price. "

" Marketing director Kelvin Williams believes gold has started to trade like "an out of favour currency". "The latest weakness is related to the Euro (which has wilted amid a strong dollar). We will have to watch this linkage carefully in the future," he said.
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m1.mny.co.za
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