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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (36275)	7/2/1999 12:03:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116836

<<JOHANNESBURG, July 1 (Reuters) - South Africa's gold companies delivered a modestly improved wage offer to unionised workers on Thursday as the threat of further job losses hung over the embattled industry. >> Oh yeah, I can see how "evil" these mine owners are, giving raises while taking pay cuts themselves.

To: goldsnow who wrote (36275)	7/2/1999 5:52:00 AM
From: sea_urchin	Respond to of 116836

Yes, Mr Snow. It is so. Social outlook for miners and their families and the spin-off is very bad. Meanwhile the SAf government is preparing a "peace-now/let's look good at your expense" expedition to the Congo. That will be a total debacle and will drain whatever few Rands exist to finance welfare etc for the unemployed. It's my expectation that POG will test the $250s again. IMO the US dollar is too strong for there to be a serious take-off in price now. And, as the dollar gets stronger the upside for any POG rise gets less and less. Despite optimism about gold sales or whatever and the few dollar rise in price, I believe POG is seriously cornered.