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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (61583)	12/1/2000 1:16:40 PM
From: lorne	Read Replies (2) of 116764

Richard. Wonder who the medium sized producer may be?? Gold breaks new ground The spot gold price broke through the 272 dolar an ounce level on what dealers said was massive short-covering. And if the euro continues to strengthen against the dollar, gold could test the 275 dollar an ounce level. The rise started overnight in the US market, and continued when the Asian markets opened. Some dealers said a medium-sized gold producer was rumored to have over-hedged its gold output and might be forced to cover large amounts of short-positions soon. summit.co.za

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