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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who started this subject	12/5/2001 7:25:10 PM
From: baystock	Read Replies (2) of 39344

SA gold shares go ballistic, despite the pooh-poohing by many Americans of their investment merits: Golds go ballistic mips1.net <<Individual stock performances included an 11.3 percent surge by Harmony [JSE:HAR] to R67 from yesterday's close of R60.20. AngloGold [JSE:ANG] was at R380.20, up 6.5 percent, with Gold Fields [JSE:GFI] reaching R53.80 from yesterday's R49. 90 – an increase of 7.8 percent. >> South African golds to power on in 2002 mips1.net << The run in gold shares, despite a dollar gold price that remains monotonously trapped below $290/oz, suggests that the view that the dollar-gold price drives the Johannesburg market is carrying less water. Since the beginning of December last year, the dollar price has averaged at an uninspiring $270.80/oz, peaking briefly at $293.25 and reaching a more protracted low around the $255.95 level. Conversely, though, the rand-gold price has gone ballistic.>>

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