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

To: IngotWeTrust who wrote (79996)	12/14/2001 6:39:24 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116753

Alex...any more NEM juicy & current sweep into #1 spot prior 2 wkend? [80000=my grub]

To: IngotWeTrust who wrote (79996)	12/14/2001 7:57:06 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 116753

gold_tutor - don't ge me wrong, I am in the sceptics/conspiration theorists camp. Too much noise around the "undiscovered gem". Also since September, what I interpret as a bearish wedge. Today's close is more explicit at 1.95, a staircase markup and dump could be the explanation. Will see soon enough. And agree with you: 5 to 6 times avg volume is many, on any echange.

To: IngotWeTrust who wrote (79996)	12/15/2001 7:18:27 AM
From: Alex	Read Replies (1) \| Respond to of 116753

INTERVIEW DAVID & EDOUARD DE ROTHSCHILD: Financial Times; Dec 13, 2001 By PIERRE-ANGEL GAY and HENRI GIBIER When it comes to succession, Rothschild is a merchant banking family that plans long-term. Although Sir Evelyn de Rothschild, the septuagenarian chairman of NM Rothschild & Sons in London, has never named his successor, "in 1992, when he asked me to become deputy chairman, he made a choice," David de Rothschild told Les Echos. No handover date has been fixed, although Sir Evelyn tops the bank's normal retirement age by half a decade. "Sir Evelyn is a man whose presence and experience we appreciate, as well as his British sense of understatement," David de Rothschild said. Quite when those qualities will be foregone seems essentially a question of family culture. As Edouard de Rothschild, co-managing partner with David at the family's French arm, Rothschild & Cie Banque observed: "In the United States, Goldman Sachs associates often retire around the age of 50, believing they no longer have the necessary energy." But at Rothschild, "associates often work in tandem. It's a part of the house culture," he adds. So while "our statutes foresee departure at 65, it's a matter in which one has to fix a target date and leave open the possibility of extending or shortening it." Not that you have to be a Rothschild to make it to the top, they say. "We apply the rules of meritocracy," said David de Rothschild. "If Rothschilds have the talent to be bankers, so much the better. But if they lack it, or they don't have the taste for the calling, the succession will fall on someone outside the family. There is an absolute consensus on that." Indeed, according to Edouard de Rothschild, it is no family firm. "On the contrary, to assume responsibilities, a Rothschild has to be, in this house, even more competent, so as not to be suspected to being there thanks to blood or capital." The formula seems to work. This year's results from Rothschild & Cie, at least, will be "slightly below" last year's exceptional outcome, but ahead of 1999's - an outcome David de Rothschild judges "rather satisfactory." In London, meanwhile, the tri-national grouping, represented in New York is sharpening its focus. David de Rothschild said that while the group will continue trading gold and interest rate instruments, "we have decided to halt trading in non-ferrous metals, because volumes are insufficient". In sum, said David, Rothschild & Cie Banque is not "the last of the Mohicans. We believe in the merits of our model, and at a time of financial concentration, it offers clients that which is most precious: confidence, experience and ethics." globalarchive.ft.com