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

To: goldsnow who wrote (55421)	6/29/2000 1:36:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116753

SOUTH AFRICAN CB SECURES GOLD DENOMINATED FACILITY sundaytimes.co.za Fleckenstein seems to suggest today's price rise was caused by a change in South African reserve and "hedging" policy siliconinvestor.com Not sure how to read this. Interesting that the gold loan was taken at "70 basis points" above the "gold lending rate." Perhaps the market is realizing that gold allocated for sale and lending under he Washington Agreement won't necessarily find its way into the "right hands"? Or maybe South Africa is readying to provide liquidity to its hedged miners in anticipation of a coming price rise? I believe $500 mil is about 50 tonnes worth at $300/oz.