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


To: Alex who wrote (56212)7/13/2000 11:09:07 PM
From: Ahda  Read Replies (1) | Respond to of 116822
 
I am not going ro get this exactly correct but nasdq or the likes, I believe, is setting up an office in India Gold seems to be a deterrent to profits lately like the common cold paper is very catchy.

My mother is ill and i am working with half my mind and a blend of up and down emotion, sorry .



To: Alex who wrote (56212)7/13/2000 11:13:01 PM
From: lorne  Respond to of 116822
 
Zimbabwe's Venice gold mine suspends operations
Harare--July 13--Luxembourg-based Falcon Gold said on Thursday it was
putting its Venice mine about 150km west of Harare, Zimbabwe, into mothballs
because of the economic crisis gripping the country, the South African Press
Association reported. It is the fourth gold miner to suspend operations in
Zimbabwe this year. (Story .18266)

Major Zimbabwe gold producer might shut by September
Harare--July 13--One of Zimbabwe's three biggest gold mining groups said
Thursday it will have to stop all operations if there is not a 50% devaluation
in Zimbabwe's currency within the next two months. A pegged exchange rate at a
time of soaring costs has forced Falcon Gold to close its Venice mine
temporarily, leading to overall production falling by 20 kilograms a month.
(Story .18243)
crbindex.com



To: Alex who wrote (56212)7/14/2000 7:33:41 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116822
 
Alex, very significant information, thanks. Looks like this 20 year gold bear market will continue for some time to come. I think it's becoming more and more obvious that gold is not money anymore, but a simple commodity. Shares of companies are the new international monetary base.