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

To: paul ross who wrote (63473)	2/7/2001 5:04:53 AM
From: Square_Dealings	Respond to of 116756

Don't get shaken out at the bottom. This "news" is part of a propaganda campaign to shake out the weak hands. Anglo's stated "up to 50 percent" and thats the way its been forever. Doesn't mean they wont go to 25% for example or that they may already be there. "In other bearish developments Tuesday, AngloGold Ltd., the world's largest gold producer, said it would hedge 50 percent of its production over the next five years. " funny but AU and HGMCY are acting relatively stronger than most the others the last few days even though they supposedly are the ones causing the problem. All this negative news about India dumping its gold is bs too. So what if they sell some gold. The Bank of England sold 25 tonnes the other day at $268, how much do you think the Indian people are selling? And doesnt it prove why people in other countries value gold, because it can be used in emergencies to trade. Just like they did in South Korea during the Asian crisis of 98. The people turned in jewelery, coins to the banks to contribute to the state and help pull out of a crisis. Long and strong. M.