To: pater tenebrarum who wrote (38045 ) 6/6/2000 10:48:00 AM From: John Pitera Read Replies (1) | Respond to of 42523
this is unique to the EU. it's a misallocation of resources that has no peer... I'm sure their are some fine fifth generation farmers, with plowhorses in Normandie, that would vehemently disagree with you. Being European you Understand the great importance of art and culture...why not consider these subsidies as a type of Da-DA artform..... -vbg- Gold's ease-of-Movement this past year is clearly up. ----NEW YORK (CBS.MW) -- Gold futures jumped $4 to settle at $288.20 Monday as the market's technical recovery continued. "It's been a real big washout on the gold market for the last couple of years," said Phil Flynn. senior market analyst at Alaron Trading. "Gold was out of favor as an inflation hedge, and it's been on a downward trend since it's spike last February." "The market appears to be at a level where it's at a bottom. It's a little bit technical, and some short covering, and it's partly because some of the change in the outlook on currency."The U.S. dollar's weakness against most foreign currencies is contributing to gold's strength, according to Bridge News, because the weakness boosts the buying of the dollar-denominated precious metal. See major currencies. Comex gold warehouse stocks, as of late Thursday, were down 7,991 ounces to 1,892,615 ounces. Silver stocks fell 232,311 ounces to 99,055,768 ounces. July silver added 0.25 cent to settle at $5.075 an ounce on Comex Monday. In the equities market, the Philadelphia Gold and Silver Index added 3.9 percent to close at 61.61 and the CBOE Gold Index rose 6.1 percent to close at 39.25. Ashanti Goldfields(ASL: news, msgs), which gained 10.7 percent to close at 1 15/16, and Coeur d'Alene Mines(CDE: news, msgs), which advanced 10.3 percent to 2 11/16, led in the indices. In other metals highlights, July copper gained 0.9 cent to settle at 80.20 cents a pound. The London Metals Exchange said copper supplies, as of early Friday, were down 925 metric tons to 604,600 metric tons. Comex stocks were up 23 to 75,048 short tons. Also Monday, September palladium rose $24.30 to settle at $618.65, while July platinum rose $6 to settle at $558.30 an ounce. --------------------------------------------------------------------------------