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

To: Don Green who wrote (37192)	7/15/1999 3:47:00 PM
From: Hawkmoon	Respond to of 116811

Something VERY foreign to Goldbugs. You can't take what you ain't got... :0) Long-term investors = short term investors who's position went under water. Might be a good time to short RMBS for a 6-7 point retracement off the highs. Regards, Ron

To: Don Green who wrote (37192)	7/15/1999 3:48:00 PM
From: Baba 2	Respond to of 116811

Donny, <<<<<Goldbugs, do things like lick their wounds... and hope for the end of the world..>>>>> c'mon now donny boy, do you REALLY think goldbugs HOPE for the END of the world.....think hard now...... We'd all be happy with a pop up to $350...It can stay there for a good long while too....No war, death, destruction, world calamities, famine, disease, asset bubble crash (that's comin tho), assasination of world figures, revolution, nothing like that. Just an end to the assault on the POG and the obvious manipulations.....It's really very simple. We are indeed good people and mean no one any harm..... honest. :)

To: Don Green who wrote (37192)	7/15/1999 3:56:00 PM
From: Lucretius	Respond to of 116811

I'm only pointing out the facts... the facts are you're very good at pounding your chest rt before RMBS takes a dive and gold pops.. we'll see what happens this time. i hope not for the end of the world, Donny.... I just think stocks are going to implode and take the dollar along w/ them so I like hard assets. their is a supply and demand imbalance in gold that has only been met in recent yrs by central bank selling.. the only ones left in any size are the US and EU.. both have no plans to sell.. factor in the 3 to 5 yrs or so it takes to bring new production on line and then factor in that exploration shut down about 3 years ago.. and you are going to have higher prices at some pt in the future... dramatically higher.

To: Don Green who wrote (37192)	7/15/1999 9:23:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116811

Commodities - Copper ends firm, oil and grains up 08:37 p.m Jul 15, 1999 Eastern NEW YORK(Reuters) - Copper prices closed higher on Thursday as speculators who follow price charts piled into the market and pushed the market near 11-month highs. At the COMEX, copper for September delivery closed 2.20 cents higher at 79.90 cents a pound. The heavy buying followed a similar move in the London copper market as sentiment continued to grow that copper production cutbacks by miners were improving the long-term price outlook. ''We haven't cleared the 80.30 high from July 8 but this is certainly the strongest close for the move,'' said Tim Evans, an analyst with Pegasus Econometric Group. Recent production cutbacks by Broken Hill Proprietary Co. Ltd.'s U.S. operations, Phelps Dodge Corp. and Asarco Inc pushed the market to 11-month highs last week in New York before the market retraced to its current range. A strike at Falconbridge's Kidd Creek copper operations has also gave prices a temporary boost. News that Asarco would merge with Cyprus Amax Minerals (CYM.N) to form the world's largest publicly traded copper company came too late in the day on Thursday to affect trading, but the consolidation of the two giants might also point the way to more supply constraints helping prices. The new company, Asarco Cyprus Inc, will produce about two billion pounds of copper a year, second only in size to Chile's government-owned producer, Codelco. Oil prices also closed higher, led by strength in gasoline prices after reports that a gasoline-making unit at Chevron Corp's refinery near San Francisco will shut for at least a month for repairs, a longer-than-expected outage that could tighten gasoline supplies on the West Coast. That news followed a weekly report from the American Petroleum Institute, an industry group, showing a 1.9-million-barrel drawdown in U.S. gasoline stocks last week. Traders had expected the report to show a rise of one million barrels. At the New York Mercantile Exchange, gasoline for August delivery closed 2.18 cents higher at 61.70 cents a gallon. August heating oil was up 1.00 cent at 51.73 cents a gallon and August crude oil up 24 cents at $20.16 a gallon, near the 20-month high set earlier in the week. At the Chicago Board of Trade, corn and soybeans continued to edge higher after weather forecasts that indicated a spell of hot, dry weather may be heading for the Midwest. An extended period of heat could trim yields of corn, now in its key growth stage, and even soybeans, which will reach a similar stage next month. Corn for September delivery closed 3-3/4 cents a bushel higher at $1.93-3/4 and August soybeans rose 5-1/4 cents a bushel at $4.28-1/2. Prospects for slow demand and large supplies continue to bedevil the markets, however. Wheat prices also rose but the gains was restrained by sales of newly harvested winter wheat in the Midwest that continue to fill the commercial pipeline. September wheat closed one cent higher at $2.45-1/4 cents a bushel. Coffee prices eased ahead of the monthly estimate by the Green Coffee Association of New York of coffee stockpiles in U.S. warehouses. The GCA said U.S. stocks rose 78,000 bags in the month ending June 30 , a figure on the low end of trader expectations. A total of 2.75 million 132-pound bags were on hand. At the New York Board of Trade, coffee for September delivery closed 1.75 cents a pound lower at 94.15 cents before the release of the estimate. Copyright 1999 Reuters Limited