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


To: Alex who wrote (49442)2/22/2000 7:18:00 AM
From: long-gone  Respond to of 116768
 
<<The recent move by some North American and South African gold producers to push the gold market higher by announcing curbs on forward selling has been welcomed by Australian gold producers.

But rather than joining their foreign gold-producing cousins in sales restraint, Australian gold producers are using the rally in the gold price to extend, rather than reduce, their forward sales positions. >>

IMHO, This is plainly intended to be market manipulating release of information spun in favor of anyone short metals.

It should be noted by All, since the recent consolidation in the gold mining industry there are far fewer "pure Australian gold producers!