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


To: long-gone who wrote (61583)12/1/2000 11:18:59 AM
From: Tom M  Read Replies (1) | Respond to of 116764
 
"A Grim Fairy Tale" has an update today (Part III):

Original:
gold-eagle.com

Part II
gold-eagle.com

Part III 12/01/00:
gold-eagle.com



To: long-gone who wrote (61583)12/1/2000 1:16:40 PM
From: lorne  Read Replies (2) | Respond to of 116764
 
Richard. Wonder who the medium sized producer may be??
Gold breaks new ground

The spot gold price broke through the 272 dolar an ounce level on what dealers said was massive short-covering. And if the euro continues to strengthen against the dollar, gold could test the 275 dollar an ounce level. The rise started overnight in the US market, and continued when the Asian markets opened. Some dealers said a medium-sized gold producer was rumored to have over-hedged its gold output and might be forced to cover large amounts of short-positions soon.
summit.co.za