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

To: SliderOnTheBlack who wrote (61313)	11/25/2000 7:08:53 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116758

Slider: The technical action of the gold complex improved a lot last week. Gold stocks vastly outperformed gold bullion. That is the kind of action that preceeds a gold bull. With gold stocks cheap is not enough. But a combination of cheap and good technical action is something else entirely. I hiked my gold fund holdings by 50% last week.

To: SliderOnTheBlack who wrote (61313)	11/27/2000 10:32:05 AM
From: Phil Fulton	Respond to of 116758

Slider, An appropriate article. Message 14884359

To: SliderOnTheBlack who wrote (61313)	3/16/2001 3:00:34 PM
From: long-gone	Read Replies (2) \| Respond to of 116758

Thursday March 15, 4:02 pm Eastern Time Goldman declines comment on moving NY precious ops to London NEW YORK, March 15 (Reuters) - Investment bank Goldman Sachs (NYSE:GS - news) said Thursday it would not remark on gold market talk that its commodities trading arm J. Aron and Co. was moving New York precious metals trading operations to London. ``I am going to officially decline to comment,'' a Goldman Sachs spokeswoman told Reuters. ``We never comment on any of this kind of thing.'' Dealers said the markets started buzzing last week that Goldman, one of the largest commodity trading houses, was planning to centralize its operations to take advantage of the greater liquidity of the London bullion market, where the lion's share of physical trade in precious metals takes place. ``They did not announce it,'' asserted a chief dealer at another major bullion bank. ``It's not a rumor anymore. I called them and they are definitely moving. They figure that to consolidate in one area is better. I disagree with them.'' Weak gold prices and consolidation in the mining and banking banking sectors have reduced the number of players globally. Participation in the New York futures trading on the COMEX division of the New York Mercantile Exchange has dwindled in recent years, as has volume in London. Bullion turnover of about 750 tonnes a day in February, while way down this year, still dwarfed COMEX volume, which on Thursday was estimated at about 130 tonnes, much busier than the recent norm. One source familiar with J. Aron's trading operations said, ``Like most firms, the bulk of our trading is based in London and that's been true for a while of our metals trading. That's no different from J.P. Morgan or a number of other firms.'' ``There is no closing of New York precious metals, but the business is focused in London and has been,'' the source said. biz.yahoo.com