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

To: long-gone who wrote (60415)	11/1/2000 3:46:35 PM
From: goldsheet	Respond to of 116764

> 45 M oz of silver WOW! I had no idea! makes me simply shake my head. The scary thing is all that silver (and gold) is just in the way of their primary base metal targets, therefore they just dump in on the markets regardless of the price.

To: long-gone who wrote (60415)	11/2/2000 10:47:12 AM
From: Rarebird	Read Replies (1) \| Respond to of 116764

Productivity Up in Third Quarter Nov 2 9:11am ET WASHINGTON (Reuters) - The efficiency of U.S. workers, which has underpinned the nation's record expansion, rose in the July-September period, albeit at a slower pace than in the second quarter, the government said on Thursday. Non-farm productivity, which measures the hourly output per worker outside the farm sector and is a key determinant of U.S. living standards, grew a stronger-than-expected 3.8 percent in the third quarter, below the second quarter's 6.1 percent rise. The second quarter climb was revised upward from an originally reported 5.7 percent gain, the Labor Department said. Compared to a year ago, productivity was up a solid 5.0 percent, the report said. Unit labor costs, closely watched for signs of inflation since they are the largest part of total production costs, rose 2.5 percent, following a decline of 0.2 percent in the previous three-month period and exceeding market expectations of a 1.5 percent rise. Still, compared to a year earlier, unit labor costs were up only 0.1 percent, the report said. Inflation-wary Federal Reserve policymakers, who have credited strong productivity growth for helping the U.S. economy to grow faster with lower rates of inflation, are likely to be reassured by the numbers. They next meet to discuss interest rate strategy on Nov. 15 amid expectations they will keep credit costs on hold. Financial markets showed little reaction to the report, but inflation-sensitive bond prices dipped slightly on the larger-than-expected rise in unit labor costs. ``It's suggesting this structural change playing out in the U.S. economy seems to still be continuing,'' said Paul Ferley, assistant chief economist at Bank of Montreal/Harris Bank. The report also said hourly compensation rose a strong 6.4 percent, its highest rate of increase since an 8.8 percent gain recorded in the first quarter of 1992. Productivity growth was once again strongest in the manufacturing sector, where it increased 6.4 percent from the previous quarter. Year-over-year, manufacturing productivity was up 7.5 percent, its biggest-ever increase, Labor said. In a separate report, the government said the number of Americans seeking first-time unemployment benefits remained unchanged last week at 308,000, pointing to a continued tight labor market.