Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: lorne who wrote (56659)	7/23/2000 10:59:38 AM
From: lorne	Respond to of 116815

Good monsoon equals great demand for gold. Saturday Jul 22 2000 " In the south, Tamil Nadu consumes the maximum gold, followed by Kerala, Andhra Pradesh and Karnataka. K Shivram, manager (south) of the World Gold Council in India, confidently says: “We expect a growth of five to 10 per cent in consumption. Last year, until December 31, 1999, Indian consumption was of the order of 853 tonnes of gold." Full story >>> economictimes.com

To: lorne who wrote (56659)	7/23/2000 1:57:32 PM
From: goldsheet	Respond to of 116815

RE: Anglo American Leads the Charge on Australia's Mining Industry So far the very weak Australian dollar has made Australian mining shares some of the cheapest in the world. I have been saying they were undervalued all year and was suprised more takeovers have not occured. The recent bidding war for North Limited has taken those shares from $A2.50 up to $A4.34. Some of the gold stocks are closer to 52 week highs. Since late April, Sons of Gwalia has moved from $A4 to $A5.50 and Goldfields went from $1 to $1.44. Although not a new high, Newcrest (one of my favorites) has had a decent rise from $A3.20 to $A4.40. Normandy, always mentioned by the press as a takeover target, moved quickly from $A0.83 to $A1.07, but has backed up to $0.97. There are way too many listed Australian producers and I can not imagine all of them still around a year from now. The Australian gold index is up to 730 from a real nice triple bottom near 650 the-privateer.com