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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Alex who wrote (16601)8/25/1998 11:44:00 PM
From: Eashoa' M'sheekha  Read Replies (1) of 116764
 
And The Golden Hits Just Keep A Comin................

FP Aug 25 1998
******************

ÿRoyal Bank of Canada (RY/TSE) fell $2.30 to $66.40, Bank of Montreal (BMO/TSE) tumbled $2 to $61.40 and Bank of Nova Scotia (BNS/TSE) dropped 90› to $29.20, as the C$ slid to a record low US64.5›. It closed at US64.55›.
ÿThe financial services subindex fell 200.40 points, or 2.5%, to 7700.43, its lowest since Jan. 22, bringing its slide over the last four sessions to 10%. Canadian Imperial Bank of Commerce also lost 50› to $34.40 while Newcourt Credit Group Inc. (NCT/TSE) dropped $4.45 to $60.70.
ÿToronto Dominion Bank (TD/TSE) lost 25› to $45.775.

ÿGold producers fell amid concern the metal has failed to maintain its historical role as a safe investment.

ÿBarrick Gold Corp. (ABX/TSE) fell 30› to $25.40, Placer Dome Inc. (PDG/TSE) slipped 50› to $15.60 and Teck Corp. (TEKb/TSE) tumbled 45› to $12.05. Bullion fell US20› to US$285 an ounce on the Comex division of the New York Mercantile Exchange.

Banks down----------BOC Answerable To Noone--------BOC--sells Gold----

Loonie goes for a Swan Dive----------------and the FP issues an exceptionally informed and unbiased( statement/opinion) regarding Gold ?


Glad I'm not the editor.
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