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To: lorne who wrote (59576)	10/9/2000 9:31:58 PM
From: lorne	Respond to of 116753

Aussie gold analysts throw weight behind local stock. Posted: 2000/10/9 04:08 PM GMT+2 " The strongly-hedged group has locked in 20 per cent per annum profit growth for the next three years and has number of growth projects ready to be brought in to production to maintain the momentum. " " Paul Carter, the Macquarie Equities gold analyst in Perth, also has a "buy'' on Newcrest. "Across the board, it stacks up by far and away as the best. Given it is fully hedged, it has taken out the commodity risk. So it is more like an industrial stock. It's just that it produces these things called ounces,'' Carter said." Full story >>> m1.mny.co.za

To: lorne who wrote (59576)	10/9/2000 11:45:52 PM
From: John Paquet	Respond to of 116753

You are absolutely right. " Euro key to gold movements" In a sense, these few weeks gold follows exactly Euro, and other foreign currencies like Aussie dollar, Canadian dollar, Swiss Franc, or British pound. In a general sense, gold follows that us dollar index. Having said this, Euro dollar got supported after that 11 nations' CB intervened in the currency market, although it retraced a bit near that intervention level. Rumor Currency King, Gorge Solos, bought tons of Euros as he belived that Euro will revert it bearish trend toward an uptrend. Today, it was a slugish day, there was not much action in the market place at all. Tomorrow Watch N.Y. open, things will get more excited. Xau did very well today, I saw many other tickers went down except our XAU up more than 2%. Once that euro starts to move forward and upward, and then us dollar will move south, gold definitely will move up big time so will XAU. JP

To: lorne who wrote (59576)	10/10/2000 9:16:19 AM
From: BigBull	Read Replies (2) \| Respond to of 116753

One of many, now crystal clear indications that world wide inflation is starting to heat up: news.bbc.co.uk Of course this article does not even mention the highly inflationary impact of a plunging pound. The chickens are coming home to roost. Hmmmm, there's a thought. Maybe Blair's boys start selling dollars by the ton! After all, it's only paper. <g> I wonder if the UK policy of selling gold was wise? I bet they'll be selling dollars like a banshee soon, though.