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


To: long-gone who wrote (47033)1/13/2000 8:02:00 AM
From: lorne  Read Replies (1) | Respond to of 116763
 
China Press: Beijing consumers rush to buy gold bars
Shanghai--Jan 13--The sale of gold bars in Beijing for the first time in 50
years stirred up a gold-rush in the capital city as more than 6,300 go
ld bars, weighing a total of 600 kilograms were sold in the past month by the
Caishikou Department Store, the only outlet authorized to sell gold bars in
Beijing, the official English-language China Daily reported Thursday. (Story
.10890)

Investors crucial to higher gold prices
Toronto--Jan 12--Investors have to perceive that gold is profitable in its
own right and in comparison with other industries before they put their money
into it, and that is unlikely to happen to any great extent in 2000, said Philip
Klapwijk, of Gold Fields Mineral Services. He said that limiting central bank
gold sales and declining producer hedging has helped boost gold off record lows
but investor demand is essential to gold's long-term benefit. (Story .21897)

BRIDGE FOCUS: Merrill exit from commodities equals market low?
Chicago--Jan 12--After the poorly kept secret of Merrill Lynch's exit from
all agricultural and metal commodities activities was confirmed Wednesday
afternoon, market watchers took that signal as the final confirmation of a major
low in commodity markets. (Story .23855)
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