Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IngotWeTrust who wrote (40562)	9/21/1999 3:48:00 PM
From: Alex	Read Replies (2) \| Respond to of 116767

<<Traders said that news after the auction that South Africa's Gold Fields, the world's second-largest gold producer, had bought 12% of the UK gold at the auction was very positive. Leonard Kaplan, chief bullion dealer at LFG Bullion Se rvices, said that the "nature of the buying" last time around, which was dominated by dealers, had been on the bearish side. However, with producers now buying, this is sending a positive message, he said. He noted that gold was starting to see some short-covering. For some time, COMEX gold has been overwhelmed by heavy speculative short positions. Meanwhile, Merrill Lynch today changed its gold outlook for the rest of the year to neutral from neutral-bearish, said Bill O'Neill, the company's senior futures strategist (story .16366).>> futuresource.com