Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (14498)	2/5/2002 6:24:31 PM
From: elmatador	Read Replies (1) of 74559

Gold shares set record EMERGING MARKETS Financial Times; Feb 5, 2002 Gold producers soared to record highs in Johannesburg, propelled by the prospects of reduced forward bullion sales in the market and the consequent impact on the gold price. AngloGold, the number one producer, set the pace with a leap of 8 per cent to a high of R520. Gold Fields, the second largest producer, surged to a peak of R77.20 but last traded 2.6 per cent higher at R76.50. The company added to the cheer by reporting a tripling in second quarter earnings as a result of the weak rand and higher output. Harmony gained 4.5 per cent to R97.20 while Durban Roodeport Deep soared 22.7 per cent to R27. Overall, the gold index jumped 5.3 per cent, extending last week's 14 per cent rally. The all-share index finished with a gain of 0.5 per cent at 10,586.1. Copyright: The Financial Times Limited 1995-1998

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