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

To: Mark Bartlett who wrote (49745)	2/28/2000 10:04:00 AM
From: Ahda	Read Replies (1) \| Respond to of 117056

Language barrier? Run on sentences hop on and they take you for a spin. ROFL

To: Mark Bartlett who wrote (49745)	2/28/2000 3:09:00 PM
From: Alex	Respond to of 117056

Crude up on Venezuelan talk, strong gasoline By Robert Gibbons and Peter Rosenthal, Bridge News New York--Feb 28--NYMEX Apr crude moved into positive territory in after midday Monday, breaking through resistance at $30.45 and reaching $30.59. A perceived shift in the Venezuelan position, away from support for an April production increase, fueled the market into positive territory, brokers said. At 1430, Apr crude was up 6 cents at $30.41. Mar heating oil was down 48 points at 82.40, while gasoline was up 459 points at 90.85. * * * Brokers said gasoline was up pre-expiration Tuesday because refiners turned into buyers and a reversal that put participants previously long Apr and short Mar in exactly the opposite position. "Everybody's selling Apr and buying Mar," said a broker. "The Mar-Apr spread got killed. There's been a shift in the Venezuelan view on things. Venezuela and Mexico were in favor of raising output Apr 1; but now the Venezuelans seem to have tilted towards Kuwait, Iran and the other hawks." Venezuela's Energy and Mines Minister Ali Rodriguez said in London Monday that he thought it was unlikely OPEC would raise its oil output in the second quarter of this year (see stories .17063, .17411, .19976). Rodriguez also said all options remain open for OPEC and he later said an output hike for third quarter 2000 was possible. "The market is starting to believe that there's nothing (OPEC) can do to impact the near-term in time," said another broker. He said gasoline, with the Apr contract hitting 94c Monday as it nears its shift to the prompt month Wednesday, could be headed to $1. Recent US West Coast refinery snags, most notably a short shutdown of ExxonMobil's Benicia, Calif., fluid catalytic converter (FCC), helped boost the gasoline market, according to a broker. A natural shift from a waning heating oil market to a gasoline market where demand will be rising going into the spring, also was working in favor of a boost in gasoline, brokers said. End Bridge News, Tel: 212-372-7559 Send comments to Internet address: energy@bridge.com The Bridge ID for this story is 01899 (c) Copyright 2000 FWN futuresource.com

To: Mark Bartlett who wrote (49745)	2/28/2000 5:25:00 PM
From: long-gone	Respond to of 117056

There's Gold in That E-Casino by Declan McCullagh 7:00 a.m. 25.Feb.2000 PST ANGUILLA, British West Indies -- Warning your customers that the government wants to put you out of business is not a typical marketing approach. "So revolutionary someone is bound to shut us down!" proclaims the new online gambling venue called The Gold Casino. -------------------------------------------------------------------------------- Discover more Net Culture Mind your own Business news Everybody's got issues in Politics -------------------------------------------------------------------------------- Visitors to the site, which quietly launched last week and claims it has already paid out four-figure winnings, can play traditional casino games including poker and blackjack. The Gold Casino differs from rival online casinos by allowing gamblers to use e-gold, a true gold-backed Internet currency, to place bets and collect earnings. That may solve one of the thornier problems plaguing other virtual casinos: How lucky customers can escape with instant winnings. In the U.S., Congress is weighing legislation that would severely restrict Internet gambling -- even if the Web site is based in a country where gambling is legal. In 1996, state officials reportedly collected $3 billion in taxes and licensing fees from casinos and other licensed gambling operations. Because other sites use credit cards, there are currently no other betting parlors that let winners transfer earnings out of the casino and into their personal accounts instantly. To date, the e-gold currency, invented by Delaware-based Gold and Silver Reserve, hasn't been widely adopted. But recently a handful of sites have begun to test the e-gold payment system instead of using more expensive and cumbersome credit cards. The realgoldlotto.com, for example, sells lottery tickets for one-tenth of a gram of gold, roughly US$1. "Nobody ever thought that the casino would be this successful," said Jim Ray, an "evangelist" who works for e-gold in Melbourne, Florida. "E-gold account holders were evidently looking for this." The interest in The Gold Casino among e-gold users has been so intense that Ray says the casino was able, in less than 12 hours, to repay a loan it took out from a metal leasing service to launch the venture. The casino is hosted by Elka Enterprises, a company that specializes in providing offshore Web sites in Costa Rica and the Bahamas. An Anguilla-based company, Interesting Software Ltd., which specializes in online gaming software, created the Web site and gaming system. "My company provided the software and the graphics were done by a briliant Brazillian desgn company tom-b.com," says J.P. May, a programmer with ISL. He said he's a "huge screaming fan of e-gold" and suggested the concept to his existing clients. An offshore company, "TGC Holdings," took him up on the idea and is running the site in the Carribbean, May said. The realgoldcasino.com domain is registered to Ian Grigg, a cryptographer who presented a paper at the Financial Cryptography '00 conference here Thursday. Grigg said he had purchased the domain on behalf of May. wired.com gaming link(thegoldcasino.com): thegoldcasino.com (we'll teach those so-&sos in Congress?)