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

To: Robert J Mullenbach who wrote (48011)	2/4/2000 5:15:00 PM
From: Robert J Mullenbach	Read Replies (2) \| Respond to of 116761

Toronto--Feb 4--A Canadian analyst told Bridge he expected Barrick Gold Corp. next week to announce it will suspend its hedging program for 2000, on the tails of Placer Dome Inc.'s announcement to limit its hedging activities. While Barrick spokesman Vince Borg said the outlook for the gold market was positive, he declined to comment on the company's future gold hedging plans. By Daniel Naccarato, Bridge News, Stories .18291, .17710 Moscow--Feb 4--Russia's acting president, Vladimir Putin, has not yet signed platinum export quotas due to government red tape, an official with Russia's State Depository of Precious Metals and Stones (Gokhran) said. But he said the quotas were expected to be signed soon because the country needed dollars to pay foreign debts. By Michael Gulyayev and Sergei Padalko, Bridge News, Story .14750 XXXXXXXXXXXXXXXXXXXXXXXXXXX New York--Feb 4--Gold futures surged 8.0%, storming to the highest level since mid-October in heavy volume. Canadian gold mine Placer Dome's announcement that it would suspend its hedging activities and cut back gold hedges this year by 2 million ounces triggered a speculative buying spree that sent the already frenzied market higher. Silver jumped 5.4%, also visiting mid-October levels. By Melanie Lovatt, Bridge News, Story .2333 news.ino.com