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To: lorne who wrote (36776)7/7/1999 11:01:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116790
 
OT - Meteor explodes in sky above New Zealand

<< A meteor exploded in the sky above New Zealand on Wednesday, casting an eerie blue light and showering the earth with fragments from space.

The explosion at 4:15 p.m. (1:15 a.m. EDT) was followed by smoke and a flood of phone calls from people who saw the meteor streaking across the sky, the Carter Observatory in Wellington said. No injuries were reported.

``It was picked up by aircraft and on radar, so we've had some air traffic controllers calling too,' said John Field, the observatory's public programs officer.

The meteor was likely to have been either metal or rock and was probably as big as a car , Field said. A rock meteor would have broken up into a shower of stones as it came through the atmosphere. On average, one meteor falls to Earth each week, he said. >>

abcnews.go.com

*****

Morning Lorne,

Duck! ... Maybe ole NostraD still has a surprise for us in the next 2 or 3 months.

< g >

John




To: lorne who wrote (36776)7/7/1999 1:47:00 PM
From: Alex  Read Replies (1) | Respond to of 116790
 
<<''Last night's price response sets the tone for the next several sales,'' he said.

''The BoE sale demonstrates that a transparent gold disposal program can be just as price destructive. The oversubscription most probably simply reflected speculative under-bidding on the price, rather than strong underlying demand, a point emphasised by the subsequent price fall.

''Future sellers will now likely revert to the earlier strategy of 'sell first, announce later', adding further uncertainty to the market.''>>

theage.com.au



To: lorne who wrote (36776)7/7/1999 6:20:00 PM
From: John Hunt  Read Replies (1) | Respond to of 116790
 
Australia's Perilya Mines closes 45% of its forward gold sales contracts (Kaplan)

<< Though the media are loudly proclaiming the death of gold, gold miners know better. They are taking advantage of the current low prices to buy back their hedges previously sold forward. On Wednesday, July 7, 1999, Australia's Perilya Mines closed out 45% of its forward gold sales contracts, realizing a profit of 2.6 million Australian dollars. >>

goldminingoutlook.com