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

To: lorne who wrote (60689)	11/8/2000 11:17:10 AM
From: lorne	Respond to of 116764

China Lowers Gold Purchase Price Wednesday, November 8 12:52 PM SGT. BEIJING, Nov 8 Asia Pulse - China has again lowered the gold purchasing and selling price starting from October 24, according to the People's Bank of China. After the adjustment, the purchasing price of No. 1 gold is 75.16 yuan/gram; that of No. 2 gold is 74.36 yuan/gram; and that of nonstandard gold is 73.36 yuan/gram. The selling price of No. 1 gold is 76.65 yuan/gram and that of No. 2 gold is 75.85 yuan/gram. asia.dailynews.yahoo.com

To: lorne who wrote (60689)	11/8/2000 11:27:21 AM
From: Crimson Ghost	Respond to of 116764

Higher jewelry demand can help put a floor under gold prices, but can never ignite a gold bull market. Only investment demand can do that.

To: lorne who wrote (60689)	11/8/2000 11:39:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116764

Wouldn't it be a little easier for the producers to close marginal mines and defer new production rather than trying to peddle jewelry. Another indication of an industry in chaos. Ken

To: lorne who wrote (60689)	11/8/2000 1:19:05 PM
From: Tom M	Read Replies (2) \| Respond to of 116764

Re:National Ad Campaign, must have read my "(still time for Xmas guys)" post <g> Message 14726336 I'd sure love to see them use the New Era's Beanie Baby valuations compared to gold. A Marketing & Education campaign on the manipulation and the 20 year lows gold is at is ALL it should take to move gold, especially when it's often selling for less than many can pull it out of the ground for. Everything else is noise. Marketing can move anything, the prime New Era/New Economy/New Paradigm example being the Beanie Baby rush. Haven't seen them honored in international trade yet ;-) Gold - There Is No Substitute. A regards, Tom