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


To: john mcknight who wrote (38949)8/13/1999 10:10:00 AM
From: long-gone  Read Replies (1) | Respond to of 116922
 
<<City: Speculators put glitter back into gold
Source: The Daily Telegraph London
THE gold price jumped by $2 to $260.75 yesterday - its highest level for more than a month - amid rumours of heavy buying by hedge funds and other international speculators.
London-based dealers believe speculators are being forced to buy gold following a sharp rise in recent weeks in lease rates - the rates charged by bullion houses for lending gold. >>

Still a negative spin IMO, they still can't see a purchase of gold is an investment.