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

To: Alex who wrote (66013)3/18/2001 9:00:19 AM
From: lorne  Respond to of 116927
 
Gold Industry Seeks a Revival as World Stock Markets Decline.
03/18 03:40
" Sinking gold prices have spurred a vicious circle, as central banks sell bullion from their reserves to buy higher-returning assets, such as government bonds. National banks will sell 565 tons of gold this year, up from 549 tons last year, Barclays Capital estimates. "
" Some gold producers say changes to marketing and trading systems may lift prices. AngloGold Ltd., the world's largest gold producer, will likely use the Rome conference, sponsored by the Financial Times, to repeat its call for the industry to unite in advertising and marketing as diamond sellers do. Most miners have ignored Anglo's plea. "
Full story >>>
quote.bloomberg.com



To: Alex who wrote (66013)3/18/2001 11:35:39 AM
From: IngotWeTrust  Respond to of 116927
 
Thanks, Alex...twas good to see some bears can speak plainly, and support their position with solid logic.
Frankly, it didn't hurt to see the phrasing twice about gold et al prices soaring on the come as well<g>
Nice post.


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