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

To: Rarebird who wrote (49994)	3/3/2000 5:58:00 PM
From: lorne	Read Replies (1) \| Respond to of 116762

Gold Hits One-Month Low in Asia as Investors Who Bet on a Rally Pull Out Sat, 04 Mar 2000, 9:33am EST By Caroline Falls Gold Hits 1-Month Low as Investors Who Bet on a Rally Pull Out Sydney, March 2 (Bloomberg) -- Gold fell to its lowest level in a month in Asia as investors tired of waiting for a reasonable return and accepted lower prices to cancel their bets, traders said. A month ago, a spate of announcements by major gold producers that they were suspending or reducing forward gold sales drove gold higher and fired optimism of more rises. Canada-based Barrick Gold Corp. and Placer Dome Inc., the world's fourth and fifth biggest gold miners, were among those producers. Suspension of such sales reduced supply of gold on the market. ``The gold market got a little bit bulled up and failed to deliver the goods,' said Peter Upton, a gold trader at Dresdner Kleinwort Benson. ``Because it isn't performing there's no return to the upside. Gold has lost its shine.' Gold for immediate delivery fell 62.5 U.S cents, or 0.2 percent, to US$289.125 an ounce, its lowest level since Feb. 4. It is down from a four-month high of US$322 an ounce touched Feb. 7 as some analysts bet the gain was the beginning of a 10-year rally. The lower prices, though, lured Asian jewelry makers back after little activity from them in the past month, Upton said. When gold rose above US$300 an ounce in February for only the second time in a year, the jewelers mostly stayed away, Upton said. Asia accounts for about half the world jewelry demand, according to the producer-funded World Gold Council. Upton said he expects gold will trade between US$285 an ounce and US$300 an ounce in the next week. quote.bloomberg.com

To: Rarebird who wrote (49994)	3/3/2000 9:20:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

This might well help the nation decide the Bush McCain Gore question: Hsia Convicted as Chinagate Re-Erupts UPI March 2, 2000 WASHINGTON -- A federal jury Thursday convicted former Democratic fund-raiser Maria Hsia of multiple campaign-finance charges, but defense lawyers almost immediately filed motions to set aside the verdict. A federal judge is expected to rule on the motions this spring. Hsia organized the now notorious fund-raising event attended by Vice President Al Gore at a Buddhist Temple near Los Angeles in 1996.(cont) newsmax.com (but I doubt it)