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

To: Paxb2u who wrote (62409)	1/2/2001 10:15:48 PM
From: John Soileau	Respond to of 116764

It is strange...dizzying price changes, very fast. Up 4 bucks in an hour, down 3 bucks in an hour. Wish I were a fly on the wall of the trading floor. Makes you go hmmm. John

To: Paxb2u who wrote (62409)	1/2/2001 11:21:21 PM
From: Richnorth	Respond to of 116764

FWIW, from Infobeat:- DATE Tuesday, January 02, 2001 InfoBeat Precious Metals Report - 01/02/2001 "Gold prices skidded to the lowest level in six weeks on Tuesday and silver futures hit new season lows as the bearishness built up before the year-end holidays was unleashed on the first business day of 2001. "Disheartening to traders was the fact that gold -- once a "safe haven" for nervous investors -- got no benefit from money which fled both the U.S. dollar and stock market on Tuesday. "There were expectations with the weaker dollar for people to bid the gold market up. But it never materialized," said Ian MacDonald, head of precious metals trading at Commerzbank. On Tuesday, the euro surged to a new five-month peak at $0.95. A weaker dollar usually spurs foreign demand for gold, a dollar- denominated precious metal. Late last year, the falling dollar did exactly that and had helped stabilize gold." (Reuters)