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

To: long-gone who wrote (39018)	8/15/1999 8:34:00 AM
From: Rarebird	Respond to of 116927

The Gold market has regained its footing as the proposal for IMF gold sales appears to be headed for defeat. South African mine workers have stated explicitly that if a wage agreement was not reached by Tuesday, 08/17/99, they would walk off their jobs. This news could put further pressure on the shorts to cover. The sale price from Julys BOE auction: $261.20. My feeling is that if gold can establish support above that level, it would provide a psychological boost to the market and inspire strong bids at the next auction in September, if there is another auction in September.