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

To: Alex who wrote (51169)4/5/2000 7:27:00 PM
From: Gord Bolton  Read Replies (2) | Respond to of 116790
 
Ashanti would probably need some cash to buy back their hedges. I expect the $200 million is already headed for someone else's bank account and they will still need cash to contribute to development costs.



To: Alex who wrote (51169)4/5/2000 7:38:00 PM
From: lorne  Respond to of 116790
 
NY Merc To Lower Gold Margins
Release Date: Apr 5 2000
NEW YORK, NY, April 5, 2000 -- The New York Mercantile Exchange announced today that, effective at the close of business, margins on COMEX Division gold futures will be lowered to $1,500 per contract from $2,000 for members and hedgers and to $2,025 per contract from $2,700 for non-member speculators.
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