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

To: Rarebird who wrote (74189)	7/30/2001 2:29:52 PM
From: long-gone	Read Replies (2) \| Respond to of 116822

Only feast off us if we sell into it. Now if we buy>>>>

To: Rarebird who wrote (74189)	7/30/2001 2:36:46 PM
From: Roebear	Respond to of 116822

Rarebird, Forgot that Dec Gold is the contract soon and Aug has little time left? Doubt it if you folks are the hot shots you seem, hence Aug is down 3.10 at 264.30 and Dec is down 2.70 at 267.50 while spot is currently 264.75, which seems about right given the two futures. Don't mind if you and Hutch enjoy your gold fillets, but show a little decorum and don't be spilling your food all over the place. ggg Roebear

To: Rarebird who wrote (74189)	7/30/2001 3:16:14 PM
From: Zardoz	Respond to of 116822

You know, if I gloat about gold going down, and the Goldie stocks falling {when I'm short} I only get flambéed... But I must admit you called this sinking rally very well. Well done, oh mighty guru. Must admit I like to feed the Vultures myself with those shares from time to time... Hutch PS: The "Code Red" worm is out, maybe it'll work on the NYSE? Gold -$2.30, don't blame me... lol

To: Rarebird who wrote (74189)	7/31/2001 3:28:43 PM
From: long-gone	Read Replies (1) \| Respond to of 116822

This is what I've been hearing for a couple of weeks. The economy of India is pretty solid. Strike may remove a % or two. Rest of mining near flat. dollar just off highs and another 2-4% will come out of the dollar. Might just be enough to get a stayed move above the current tight trading range and establish 274-279 as new interium base. Tuesday July 31, 10:49 am Eastern Time AngloGold sees India demand boosting H2 gold By Allan Seccombe JOHANNESBURG, July 31 (Reuters) - Indian gold demand could prop up the price of bullion in the second half of 2001, AngloGold's marketing director said on Tuesday. ``News from the Indian market is encouraging and there should be good reason to expect firm offtake from that important market once the monsoon season has passed,'' said AngloGold's Kelvin Williams. ``Overall a strong physical market continues to hold,'' he told analysts at a presentation of AngloGold's second quarter results. The gold price moved firmer in the second quarter of the year ending June 30 because of the reaction of investors to economic developments in the United States, he told analysts at AngloGold's second quarter results presentation. Investors flooded into gold futures on the New York Commodities Exchange (Comex) and the open position moved from net 160 tons short at the start of the quarter to a peak net long position equivalent to 134 tonnes at the end of May, dragging up the spot gold price to a $298 high. ``Spot price increases such as those...translate very quickly into lower or no physical demand for gold.'' U.S. inflation fears have eased and gold has given up most of its gains. Bullion was bid at $265.70 an ounde at 1430 Gmt. ``Investors and speculators on the New York Comex remain net long to the extent of some one million ounces, and the price seems well supported in the mid-$260s,'' Williams said. There were concerns that demand for gold in jewellery manufacturing could taper off in developed markets during the second half because of slowing global economies, he said. AngloGold posted a better-than-expected 22 percent increase in headline earnings per share -- which strip out exceptional items and their tax effects -- of 5.01 rand on flat output of 1.7 million ounces and a four percent reduction in cash costs to $185 an ounce. The weakness of the South African rand against the dollar during the quarter, when it touched successive record lows, was good for world number one bullion producer AngloGold, whose South African operations produce the bulk of its annual seven million ounces of gold. ``These moves have translated again to local price support for South African gold producers, and the spot price of gold in South Africa averaged 69,160 rand per kg -- more than four percent better than the local average spot price for the first quarter of 2001,'' AngloGold said in a statement. biz.yahoo.com