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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Steve Johnston who wrote (77)7/8/1997 8:12:00 PM
From: Robert Swaita   of 350
 
Boy, are we ever taking a beating. We have almost reach our low. The gold price recovered a little today but this is a 12 year low for gold. The Australian sure shook up the gold market when they announced that they are drastically reducing their gold reserves. However what worries me is the fact that a lot of European countries may also sell their gold reserves to meet the criteria of the new European Union.

It is a good thing that Wheaton sold some of their gold foward. Does anyone know how much they sold foward and at what price?

Thanks
Robert
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