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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: russwinter who wrote (69019)	5/10/2001 5:41:33 PM
From: lorne	Read Replies (1) of 116764

Gold Report Flies in Face of Convention. May 10, 2001 " The World Gold Council (WGC) can't be particularly pleased with the findings of the report it commissioned from the London Business School (LBS) on the impact of derivatives on the gold market." " This view that hedging played a relatively small part in gold's decline is challenged by some WGC executives. One of them, Rob Weinberg, said after Neuberger's briefing: "If the South African government announced it was closing all the country's gold mines " which would take about 400 tonnes out of annual supply " do you think the impact on the gold price would be only marginal?" Full story >>> allafrica.com

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