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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Terry Christopher who wrote (8406)	1/22/1998 9:56:00 AM
From: mark silvers	Read Replies (1) of 20681

Terry Drop by more often, I think you'll find less of a circus atmosphere on this thread.... Another interesting note in the news... The world's largest producer of gold, Anglo American Corp, announced today that they are making plans to cut production by 17% in 1998. Anglo producxed 9% of the world's output last year, and said that they are trying to eliminate production that has been made unprofitable by the slump in gold prices. The article I read went on to quote Graham Birch, who is the manager of the Mercury Asset Mgmt's $300 million mercury Gold Metal & Open Fund as saying, "What we have here are the seeds for a monumental rally." Mark

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