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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Luc Beaugrand who wrote (1856)	12/17/1997 1:11:00 PM
From: JD	Read Replies (2) of 4718

Luc, interesting posting considering jump in POG. As of 13:00 e.s.t. the NY spot prices on metals are up. ($US) Gold + $5.15 to $289.35 (1.8%) Silver + $0.01 to $6.01 platinum + $10.90 to $353.60 (3.2%) palladium +$ 5.75 to $189.75 (3.1%) Some are saying that the rise in gold is due to short covering before the holidays so brokers can nurse their ulcers in peace. It may also be tied to the fact that the Japanese sold $1.5 Billion of their US dollar reserves last night to prop up the yen (apparently successfully for the short term). Also notable is the bankruptcy of REA GOLD (yesterday I believe) which supports the predictions of reduced production and eventual supply shortage. Time will tell if this is a 'seasonal' bounce or a real turning point... JD

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