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

To: Bobby Yellin who wrote (41540)	9/29/1999 3:37:00 PM
From: Alex	Read Replies (2) \| Respond to of 116779

Gold closes sharply lower in New York on profit-taking of yesterday's gains NEW YORK (AFX) - Gold closed sharply lower on profit-taking in the wake of yesterday's rally, dealers said. COMEX gold for current delivery closed at 300.60 usd per ounce, down 7.50 usd from yesterday's COMEX close. This contract surged 26.20 usd yesterday. The December gold contract closed at 302.00 usd per ounce, down 8.00 usd. The most-active October silver contract closed at 5.56 usd per ounce, down 17 cents. Silver rose 43 cents yesterday. Greg Weldon of Darby Trading said gold headed lower in profit-taking after rising more than 50 usd in the last two sessions following the decision of the ECB to restrict sales. "But the pullback belies the tightness in the market," he said. Weldon said further short-covering could drive prices higher from here. ow/sz N For more information and to contact AFX: www.afxnews.com and www.afxpress.com ¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved. nasdaq.co.uk

To: Bobby Yellin who wrote (41540)	9/29/1999 5:08:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116779

Also on Wednesday, some dealers also tied part of the bond's declines to talk that a number of customers had trouble with their gold accounts and were forced to liquidate other positions, mainly Treasuries. Those rumors were unconfirmed. ``The rise in gold in the last few days has put a shiver in the market,' said Marcello Frustaci, head government bond trader at Daiwa Securities America, Inc. ``On top of that, the overall weakness has caused some technical guys to sell,' Frustaci added, referring to traders who rely on schemes programmed to buy or sell at certain levels, regardless of market sentiment. ``We're at a point now where the market has still not been psychologically damaged or destroyed,' Frustaci said. ``But if we can't pick it up from here and attempt to do better for the next couple of days, the next wave will be critical.' biz.yahoo.com Me think that no way Clinton and co will go out without Market Crush of historic significance and with entire Universe p..ed at USA, it is a very small jungle..<VBG>