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

To: Stephen O who wrote (71935)	6/18/2001 2:37:25 PM
From: marek_wojna	Respond to of 116766

TSE index is getting ready to shuffle. The darlings becoming penny stocks.

To: Stephen O who wrote (71935)	6/18/2001 2:39:53 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 116766

Whatever the reason, the gold complex has weakened markedly. The gold stocks are getting hit even as POG rebounds modestly. Lease rates have been easing day after day. Somebody is supplying liquidity to the market..

To: Stephen O who wrote (71935)	6/18/2001 2:41:15 PM
From: long-gone	Read Replies (1) \| Respond to of 116766

<<X squared should also realise that Nortel, Canada's senior company is getting bombed, the foreigners are running for the hills. Let's give them less US $ or Euros for their Nortel shares. >> Some speculate if the government of Canada does not sell gold(at times even more than they hold) and buy the stock of theirkey companies so as to support stock price in times of peril.

To: Stephen O who wrote (71935)	6/18/2001 8:19:20 PM
From: baystock	Respond to of 116766

John Brimelow special (via Lemetropole): "Over the past ten years, India has emerged as the biggest gold market in the world, taking at least a third of annual global mine production, and providing half or more of the growth in consumption. Most of this goes into jewelry or bullion forms unique to the Indian market: costly to convert back to good delivery form. This and other reasons leads to the belief that India is a very strong holder of the gold she buys." "This situation is not unprecedented. In the middle of the 19th century, when the silver market was flooded by Nevada's fabulously rich mines, a great deal of the metal went directly to India, then experiencing an unprecedented economic expansion after the recent establishment of British rule."