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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.01

+2.8%

Nov 5 4:00 PM EST

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To: Tom Byron who wrote (4643)	12/22/1997 8:31:00 PM
From: JD	Read Replies (2) of 116752

Gotta like the sound of that word .... "soaring". ******************************************************************** Monday December 22, 7:02 pm Eastern Time Australian stocks open up on U.S. rise, gold SYDNEY, Dec 23 (Reuters) - The Australian share market started Tuesday with strong gains in relatively active pre-holiday trade, helped by Wall Street's rise on Monday and soaring gold stocks. ''It's very bullish, mainly because of the gold stocks. We needed a boost like that, some good merger and aquisition activity,'' said dealer Michael Scichlau of Daiwa Securities. The gold sector index jumped seven percent, with Plutonic Resources (PLU.AX) soaring 58 percent to A$4.42 following Monday's US$640 million takeover offer from U.S. miner Homestake Mining Co (NYSE:HM - news). ******************************************************************

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