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Gold/Mining/Energy : Barrick Gold (ABX)

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To: gemsearcher who wrote (3096)	5/30/2002 11:32:54 AM
From: nickel61	Read Replies (1) of 3558

I think this might be the sound of the music stopping. Russia's Central Bank’s gold reserves set up new record The Central Bank’s gold reserves amounted to $41.7bn on May 24, 2002. It means that the reserves added some $1.1bn over the previous week. This has been the largest advance in a seven-day period since the Bank started to publish information on its gold reserves several years ago. This growth was some $500m more than the previous one in the period from May 10 to May 17. On the whole the Central Bank’s gold reserves have surged by more than $5bn from $36.5bn to $41.7bn since the beginning of the year. The increase in the gold reserves has been more considerable over the past two months. In this period their volume has never eased back. In the period from March 29 to May 24 the bank’s gold reserves went up by $4.4bn, which was almost 12 percent.

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