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

To: Winzer who wrote (44287)	10/29/1999 9:13:00 AM
From: lorne	Read Replies (1) \| Respond to of 117050

Europe Precious Metals Review: Gold rallies, hovers around $300 London--Oct 28--Gold rallied overnight following producer buy-backs which took prices up from under US $290 per ounce, with the market hovering at around $300 in morning trade in London. Trade sources said further volatility was expected as gold seeks direction, with spot prices likely to trade around $295-305 in the near term. Silver saw little movement, with trade thin. (Story .2270) Homestake: Current gold price makes flagship mine more viable New York--Oct 27--Currently higher gold prices make Homestake Mining Corp.'s flagship Homestake mine in South Dakota more viable than it was several months ago, said Walter Segsworth, the company's president and chief operating officer. However, Homestake will be closely examining a study on the mine's performance over the next few weeks, he said. (Story .19870) Homestake: Recent gold price dip only a correction in uptrend New York--Oct 27--The recent pullback in gold prices is only a correction in the turnaround to higher prices, said Jack Thompson, Homestake Mining's chairman and chief executive officer. However, he said that "it doesn't matter if gold stays at current prices or goes back up because in either circumstance, the company can p rovide shareholder value." (Story .455) Russian CBR's Oct 22 FX/gold reserves unchanged Moscow--Oct 28--The foreign exchange/gold reserves of the Central Bank of Russia were US $11.7 billion on Oct 22, unchanged from Oct 15, the CBR announced today. (Story .5453) crbindex.com