GOLD-XAU Message Board - Msg: 3067726

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Gold/Mining/Energy : GOLD-XAU

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To: IngotWeTrust who wrote (936)	12/31/1997 1:47:00 PM
From: IngotWeTrust	Read Replies (2) of 1756

Wm Jepsen offers this heads up...take note, XAUers!!! Freeport-McMoran Copper & Gold Placed on S&PWatch Negative NEW YORK, Dec. 31-- In conjunction with the lowering of the ratings on the Republic of Indonesia, Standard & Poor's today placed its ratings on Freeport-McMoran Copper & Gold Inc. on CreditWatch with negative implications. The CreditWatch placement reflects concerns relating to Freeport's exposure to the heightened huge fiscal and political risks of the Republic of Indonesia, as the company's primary asset is a massive copper and gold mining operation in Indonesia. **** MY COMMENTARY: Lower prices for the biiiiiig boyz, directly ahead... translation: XAU ICEBERG ALERT

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