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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Vitalsigns who wrote (16417)6/11/1999 11:49:00 AM
From: The Devil Dog  Respond to of 62348
 
Just waitin for a confirmation of that uptrend.
Order is in the lineup.

WB



To: Vitalsigns who wrote (16417)6/11/1999 11:51:00 AM
From: The Devil Dog  Respond to of 62348
 
Watching PDG for an entry point, gold still up, could
be good for another run in the day.

WB



To: Vitalsigns who wrote (16417)6/11/1999 11:53:00 AM
From: Roderick  Read Replies (2) | Respond to of 62348
 
ATY.T Getty Lee: I disagree. One big ask at 23.60 looks real. If not, I'm wrong and I won't get my 23.40 bid. eom Rod



To: Vitalsigns who wrote (16417)6/14/1999 1:54:00 PM
From: rob  Read Replies (1) | Respond to of 62348
 
This may help shorts

G-7 finance ministers OK gold plan

By Tom Bemis, CBS MarketWatch
Last Update: 8:10 PM ET Jun 12, 1999
NewsWatch

FRANKFURT, Germany (CBS.MW) -- Finance ministers of the Group
of Seven leading industrial nations have reportedly agreed on a plan to sell
up to 10 million ounces of IMF gold to finance debt relief for for poor
countries.

The plan, approved at the ministers' meeting in
Frankfurt, Germany, must still be approved at next
week's meeting of the G-7 leaders, Bloomberg
reported.

The move to sell gold follows a decision by the
Bank of London earlier this spring to sell some of
its holdings, a move that sent gold on slide that has
seen it hit 20-year lows.

''There was agreement in principle from all
countries supporting the sale,'' Bloomberg quoted
U.K. Chancellor of the Exchequer Gordon Brown
as saying.

The agreement suggests Germany has shifted its
views on the sale, according to the report. The
German central bank had held that gold should
remain in reserve against future crises.

IMF gold sales have been considered since late
1996.

On Friday August gold edged higher after the Danish, Greek and Russian
governments denied they have made any central bank gold sales. See
Futures Movers.

Gold stocks also rose. Homestake Mining (HM: news, msgs) added 1/16
to 8 1/8. Placer Dome (PDG: news, msgs) rose 5/16 to 11 1/16.
Newmont Mining (NEM: news, msgs) added 5/8 to 18 7/8. Barrick Gold
(ABX: news, msgs) rose 7/16 to 18.

(Bloomberg)