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Gold/Mining/Energy : Kinross Gold

KGC 24.38

+0.7%

Nov 21 9:30 AM EST

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To: Ronald P. Margraf Sr. who wrote (216)	10/17/1998 10:58:00 PM
From: Douglas	Read Replies (1) of 530

The real reason K was falling on friday was a report from Bloomberg's that Russia was taking over their gold industry.A copy of the article was printed by the FP on Saturday.I think a lot of people misinterpreted the article to mean that they we're kicking the foreigners out but instead the article said that the Russian Government would now be buying all of the gold,some 120 tonnes that it produces from all the producers in the country.False alarm,Kinross should be up nicely on Monday.Enjoy the rest of the weekend. Douglas

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