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

To: hunchback who wrote (38695)	8/9/1999 5:45:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116768

Seems like no one was listening to Richard Harmon when he kept on quoting Jack Thompson of HM about the limited availability of Gold to be leased.

To: hunchback who wrote (38695)	8/9/1999 5:49:00 PM
From: Rarebird	Respond to of 116768

Is this positive news about Gold? marketwatch.newsalert.com

To: hunchback who wrote (38695)	8/9/1999 6:01:00 PM
From: Rarebird	Respond to of 116768

Bond Market Blues Persist: NEW YORK (CBS.MW) -- Bond prices sagged across the board Monday as participants -- stung by Friday's extremely bearish employment report -- shunned fixed-income securities. Yields reached new highs for the year. It's just like 1987 when bonds were sliding for eight months until the DOW finally tanked 23% on that fatal October day when the industrial index was pummeled for 506 points. cbs.marketwatch.com

To: hunchback who wrote (38695)	8/9/1999 6:05:00 PM
From: Rarebird	Respond to of 116768

Gold stocks sparkle By Debra McGarry, CBS MarketWatch Last Update: 5:11 PM ET Aug 9, 1999 NEW YORK (CBS.MW) -- Precious-metals stocks shone through Monday, pushing the silver and gold index up almost 6 percent amid rising gold lease rates, which climbed above the 4 percent level. The Philadelphia Gold and Silver index ($XAU: news, msgs) advanced 5.7 percent, led by Newmont Mining (NEM: news, msgs), which was up 1 5/8 to close at 20 3/4; Battle Mountain Gold (BMG: news, msgs), which gained 6.9 percent to 1 15/16; and Placer Dome (PDG: news, msgs), up 11/16, or 7 percent, to 10 13/16. CBS MarketWatch Columns Updated: 8/9/99 3:58:20 PM ET Central banks lease out gold and set a lease rate, the rate banks charge intermediaries.Rate increases are bullish for gold prices and subsequently pushes up gold stocks, as was the case for Newmont Mining and other components in the index Monday. The six-month gold lease rate was at 4.3 percent. December gold futures (GC=Z9: news, msgs) rose 60 cents to $259.9 on the New York Commodities Exchange. See Futures Movers. Dave Meger, metals analyst with Alaron, told CBS.MarketWatch.com that "investors are nervous of a move up through the $258 level. "Dollar weakness has pushed bargain hunters in Asia to gold as it's (been) more attractive to investors there," said Meger. Also, the International Monetary Fund said Monday that it's reconsidering plans to sell bullion to help finance a Western debt-relief plan for poor nations. Gold Mining Stock Report editor Robert Bishop says the next big test for the flagging metal will come Sept. 21, the date of the next auction by Britain's central bank. See Thom Calandra's StockWatch. Debra McGarry is a reporter at CBS MarketWatch.