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

To: Tunica Albuginea who wrote (42217)	10/5/1999 8:00:00 PM
From: goldsnow	Respond to of 116753

Of all the options before the Federal Reserve on Tuesday, policy makers picked the one that will have the most dire consequences on the U.S. Treasuries market going forward, analysts said. ``That was the least desirable outcome,' said Kathy Jones, director of futures research at Prudential Securities Inc. ``Who wants to buy U.S. assets with this threat (of a rate increase) hanging over our heads? There is no incentive to buy.' biz.yahoo.com

To: Tunica Albuginea who wrote (42217)	10/5/1999 8:00:00 PM
From: F. Evans	Read Replies (1) \| Respond to of 116753

So Tunica, are you agreeing that we might see a little retracement for the next couple of days? We'll see how the Asian markets react over night. Down a buck from the NY close in Australia so far. Frank

To: Tunica Albuginea who wrote (42217)	10/6/1999 6:23:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116753

No change in hedged position despite rising prices: Date: Tuesday, October 05, 1999 ANGLOGOLD BENEFITS FROM STRONGER GOLD PRICE AngloGold, the world's largest gold producer, says it welcomes the surge in the gold price and stands to benefit from the upside it affords the bulk of the company's production, which is not hedged. When the company announced its results for the second quarter of 1999, it said it believed that the gold price, then around US$255, had gone lower than it should have, due to over-selling. Taking the view that a return to the US$300-350 range was both desirable and possible, the company said then that it had no intention of being active as a seller at the low price levels prevailing during the third quarter. AngloGold's hedge policy has been to price forward a conservative amount of production in order to obtain some measure of revenue certainty. At the end of the second quarter of 1999, the company reported net forward sales of 421 438 kilograms, spread over a number of years, but equal in total to less than 40 percent of production annually over the next five years. AngloGold says that this hedge remains in place and that it is confident that its spread of counterparties in the position presents no credit risks for the company. In addition, AngloGold has no gold lease rate exposure at all before early 2000 (and limited exposure thereafter), and this has contributed substantially to the stability of its hedge position. By far the majority of AngloGold's gold production going forward remains priced at the spot price of gold, enjoying all the benefits of the current stronger market. In respect of that position which is priced forward, the company says it will manage this actively into the future, as it has done in previous periods of rising gold prices and gold price volatility, most recently in 1993. Its objective remains to minimise the constraints which individual forward price contracts might place on the company's ability to take full advantage of the substantial improvement in the gold price. Disclaimer Except for the historical information which may be contained herein, there maybe matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to, development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report <../AnnualReport98/Default.asp?id=34> on the Form 20-F for the year ended December 31, 1998 which was filed with the Securities and Exchange Commission on March 30, 1999. anglogold.com

To: Tunica Albuginea who wrote (42217)	10/6/1999 8:19:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116753

HMO Premium Hikes Likely Next Year Wednesday, 6 October 1999 N E W Y O R K (AP) HMO CONSUMERS next year can expect premiums to increase by an average 11 percent, up from an 8 percent hike this year, according to a survey of health plans released Wednesday. The regional average rate of projected increases for 2000 ranged from 8.3 percent in the Pacific region to 12.7 percent in the Mid-Atlantic region, according to survey by Sherlock Co., a health care consulting firm based in North Wales, Pa. Health maintenance organizations predicted premiums would increase 4.6 percent for 1998, and they predicted a 2.6 percent jump in 1997, the consulting firm said. The predictions tended to be close, but usually somewhat higher, than the actual increases. The results of this year's survey was based on surveys completed by 143 HMOs, about 22 percent of health plans nationwide. Premiums are expected to increase next years as HMOs seek to pay for rising drug costs and higher rates demanded by doctors and hospitals, said consultant Douglas Sherlock.