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

To: Rarebird who wrote (55375)	6/28/2000 12:46:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 116762

RB, sure, it's possible. i'm trying to keep an open mind about it, remember i mentioned to Luc yesterday that PD's problems with energy costs may be a hint that that is what's ailing the XAU at the moment. otoh i'm also not having illusions about the short term prospects for gold and gold stocks in view of the large swing in the COT report. but i agree with you, if Greenjeans stays pat today, that may be a signal to the gold market...it would prove that the Fed remains committed to staying behind the curve. :)

To: Rarebird who wrote (55375)	6/28/2000 1:09:00 PM
From: long-gone	Respond to of 116762

Wouldn't you also call this a + indicator? Wednesday June 28, 12:45 pm Eastern Time Fitch ups FirstRand Bank currency ratings (UPDATE: Press release provided by Fitch) NEW YORK, June 28 - Fitch, the international rating agency, has upgraded FirstRand Bank's (FirstRand) Long-term foreign currency rating to 'BBB-' (BBB minus) from 'BB+' Evolving and has affirmed the local currency rating of 'BBB+'. This follows yesterday's upgrade of South Africa's foreign currency sovereign rating to 'BBB-' (BBB minus) with FirstRand ratings having been constrained by the sovereign ceiling of the Republic of South Africa. At the same time the 'T' suffix that had qualified Support ratings for all South African banks is removed as a result of the sovereign becoming classified as investment grade. In addition to FirstRand, this has affected ABSA Bank, Investec Group, Standard Bank Investment Corporation, and Standard Bank of South Africa. All other ratings relating to these banks remain unchanged. The bank's ratings are as follows: FirstRand Bank - Long-term foreign currency BBB- (BBB minus), Long-term local currency BBB+, Individual rating of 'B/C' and the Support rating of '2'. ABSA Bank - Individual rating of 'B/C' and Support rating of '2'. Investec Group - Individual rating of 'B' and Support rating of '4'. Standard Bank Investment Corporation - Individual rating of 'B/C' and Support rating of '5'. Standard Bank of South Africa - Individual rating of 'B/C' and Support rating of '2'. The respective national ratings relating to the above entities are also unchanged