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To: russwinter who wrote (63466)2/7/2001 8:19:33 AM
From: lorne  Respond to of 116756
 
Hi russwinter. From a post a day or so ago " South Africa Gold conference, say analysts. Reports Anglogold to hedge 50% of 5 Yr gold output ". IMO they know the POG is going lower and I think the following is one of the main reasons why.
Paperless gold-mine targeted.
Avgold's newly-developed Target gold-mine.
" Potgieter maintains that, in this manner, the mine may be run with a full staff of 500 highly-skilled and highly-trained people, compared to a complement of 6 000 to 10 000 staff at other gold-mines."
Full story >>>
miningweekly.co.za



To: russwinter who wrote (63466)2/7/2001 8:34:09 AM
From: lorne  Read Replies (3) | Respond to of 116756
 
Acrobat reader is required for this one.
This article refers to gold as a commodity like any other commodity and that gold mines are to efficent for their own good.
Gold Market Advisory 07 Feb 11:25
Barclays Capital
thebulliondesk.com