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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Winer who wrote (1058)	11/16/1997 12:47:00 AM
From: Ed Pakstas	Read Replies (1) of 11676

I'm beginning to wonder what the 'ell is goin' on...Here's another one... Gold Tumbles Again As Bundesbank Confirms Lending Gold fell to its lowest level since July 1985 this week after the German Bundesbank confirmed it had been lending gold into the market. The Bundesbank said it was only using the gold lending to finance some of the costs of retaining its 3,700 tons of reserves and did not intend selling bullion from its holdings, but the statement caused further jitters in the gold market, which has been hovering around 12-year lows for the past week. Gold was fixed at $308.15 an ounce on Wednesday, its lowest level for more than 12 years. In spot trading, the metal dipped at one point to $307.60. "The (equity) market is down quite heavily. The selling is coming in from the Asian markets and the lower S&P index," one dealer on the Johannesburg Stock Exchange said. Futures-related selling was fuelling the losses. Maybe there is a hell of a lot of truth to this one: biz.yahoo.com ...ed

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