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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (1225)	11/1/2000 1:40:30 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 1612

Down under Gold Gossip, Le Metropole Members, MINI MIDAS Bloomberg Oct 31 Sydney: "Centaur Mining and Exploration (of Australia) warned the financial market on its hedging costs on 31 October 2000. Centaur said it was not generating sufficient revenue to meet negative monthly outflow linked to its metal and currency hedge position." "Newcrest Mining Ltd. led the market down, failing 16.5 cents, or 4.2 percent, A$3.80. The stock posted its biggest intra-day decline in six months, falling as much as 6.7 percent to A$.3.70 after analysts said Australia's No. 2 gold miner's currency and copper hedging positions will hurt earnings." It was two to three weeks ago that Midas put this news out to Café members. A Newcrest executive took me to task for what he thought I misrepresented. Since the Midas commentary, the share prices of Centaur and Newcrest have tanked even though the Aussie dollar gold price is very high. Café commentary was right on, once again! This may be the only the beginning of big Aussie gold producer hedging problems - as said Ad Nauseum for these past weeks. If gold moves higher and the Aussie dollar does not go with it. Uh Oh. In essence, this is confirmation of our alert: Problems Down Under!!! For two years Midas and Café supporters have put out this kind of information way ahead of every one else. That is WELL documented. Remember TIGER, then Soros!!! Café sources nailed what was to come!! Is there anyone else in the world FIGHTING for a free gold market, which means higher gold prices, than GATA? If so, please tell me who it is and what they are doing about it. Let us join forces. Back to the sinking Aussie dollar. It opened sharply lower today into the US market then found a way to rally back 80% of what it lost. OK. But, then it just opened 45 points lower when Australia opened once again. You can be sure of one thing. Chase, Morgan, Goldman Sachs and the US Gov are doing what they can to control the Aussie dollar and the gold price. There are big credit problems in Australia as the Café's Dr. Neville Bennett has informed us. Their Aussie dollar is in trouble. It is creating BIG problems for the Gold Cartel. GATA knows it, they know it. It is effecting all the Aussie hedging operations and, in some cases, certain company's future viability. A squeeze is on and you heard it first at THE CAFÉ. This is very important because it is part of The Café's CARTEL CAPITULATION WATCH. If the price of gold rises and the Aussie dollar does not, there will be big, big problems down under in the heavily hedged Aussie gold producer world. It could easily end up to be a "CAR 54 WHERE ARE YOU?"