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

To: average joe who wrote (42857)	10/13/1999 9:28:00 AM
From: lorne	Respond to of 116764

Gold holds mid-range, upside remains in view LONDON, Oct 13 (Reuters) - Gold held in the middle of its $315/$325 range during early European business on Wednesday, superficially calm but with plenty to keep dealers occupied after the recent price rise left short sellers in pain, traders said. London gold fixed at $320.50 a troy ounce in the morning, up 25 cents from Tuesday afternoon's price, $320.25. Platinum eased overnight, despite gains in yen-based futures in Japan, with technically driven trading capping the upside. "Gold lease rates and option volatility remain high, suggesting that recent strength in the gold market is likely to be sustained until such time as the initial damage and aftershocks driven by recent official sector announcements have run their course," Deutsche Bank said in a daily report. Options volatilities, which indicate market thinking on price moves, eased towards 30 percent for one month versus their recent peak of 50 percent but still treble their usual level. Bid/offer spreads also eased, with most dealers quoting $1 versus the usual 50 cents, although this was down on the $2 or $3 evident for the last couple of weeks. Fifteen European central banks pledged last month to limit their gold reserve sales, lending and derivatives activities for five years, putting a rocket under spot prices and gold equities and catching many in the market by surprise after years of bearishness about central banks' attitude towards gold. Bullion banks, investment funds, miners and even jewellers that had bet on falling prices were hit by gold's reversal from 20-year lows in the $250s to two-year highs near $340. "It appears to me that the market will see some more pain before we get back to something more balanced," ScotiaMocatta Director of Bullion Simon Weeks said. "If we break $325, we look at the mid $340s. If $345 goes, I think we could see the $350/$375 area quite quickly. We are in the lap of the gods after that, depending on what's going on elsewhere," he said. reuters.com

To: average joe who wrote (42857)	10/13/1999 10:39:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116764

I AM a business person, AJ, not a hobbyist. My hobby is coin collecting, Lincoln pennies in particular. My Degreed formal training is in Sacred Music as a Choral Arranger and Conductor. I am an accomplished pianist and highly sought after paid mezzo soloist. My minor is in Cost Accounting. I believe I know the difference between a hobby and a business. Too bad you think cow pasture pool and mining are somehow related. Is it due to your being color-challenged? Do you think all gold is white and round? Or do you believe all golf balls are little nuggets that have it in for you, at which you flail inorder to relieve your particular investment failures' frustrations???? However, you have given me a terrific Blue Bucket Gold Diggins Gift Shop idea: I'm going to suggest to Pat, via email just as soon as I get off this reply to you. Thanks! They will make lovely membership gifts instead of GPAA c(r)aps and Garrett dishpans. Furthermore, you should kick yourself. Every participant with home with minimum 3/4 ounce of gold for EACH $100 per trommel run share purchase this past weekend from the straight pit run ore, ON SATURDAY. Sunday's trommelling was even better gold results. Aren't you glad you asked. Now, stay with me here, AJ. Gold is $320+/- per oz, ok? And 3/4 oz is $240, right? Now allowing for purity of 88% and the higher nugget value factor per participant, (yes, everyone who attended got more than one N-I-C-E nugget in each cleanup) we'll just leave the value of their take home 'hobby' experience as you call it at $240. Now, go ahead and subtract $100 upfront cost from $240 and tell me what each participant netted? Now, are you going to accuse Roy of salting the pit run ore, also? And I should know, since I'm the one that chain of command took the stripped trommel sluicebox carpet and processed it all, down to the last bag of micro-fines, right in front of God and everybody, and then divied it up, bagged it right there out on my OHAUS triple beam. Tsk Tsk. You should have listened to me instead of Ron Reece, the jaded beltway bureaucrat. You would have made a nice return on your investment for a few hours 'work' AND possibly learned something this weekend had you bothered to listen to me. Hell, man! Pre-registered Folks began ARRIVING at 2:00 A.M.* Friday morning from all over the Northwest to get in on this! You really need to get out of that stuffy corner office more often!!! Hope you have a hobby, frankly besides golf. Sounds like you need to take some avocational days off, and unwind, guy. You're on your way to a heart-attack! $10 souvenir bottle my fat assed Ole #9!!! Try a 3/4+ ounce bag with nuggets t'boot! Per share buyer!!! YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEHAW! O/49r