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To: Alex who wrote (55417)	6/28/2000 5:04:00 PM
From: GST	Respond to of 116894

Alex: This is indeed encouraging --- <They noted that funds and trade houses were buyers, with some of the locals caught short and thrown into panic mode. "Short positions are still fairly heavy, especially amongst commercials," Steel said. Market observers noted that heavy selling from large New York trade houses was notably absent, with some of these players now moving in as buyers, thus giving the market a lift.>

To: Alex who wrote (55417)	6/28/2000 5:39:00 PM
From: goldsnow	Respond to of 116894

Nevertheless, companies such as AngloGold and US-based Homestake Mining are showing an unabated appetite for Australian assets. Yesterday in Paris, AngloGold executive director Mr Kevin Williams reiterated his company's interest in local stocks even after recently acquiring Acacia Resources. He said AngloGold would buy more Australian assets but was interested only in companies that produced gold at under $US200 an ounce. afr.com.au