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

To: long-gone who wrote (81588)	2/5/2002 11:21:29 PM
From: goldsheet	Read Replies (1) \| Respond to of 116815

I previously said Anglogold should cover "at least three million ounces in 2002", but just found this quote: "AngloGold said it would deliver into its hedge positions rather than renew them until it reduced its hedge book by another six million ounces. It followed news that it had unwound 3.4 million ounces in hedges in 2001" REF: finance.news.com.au

To: long-gone who wrote (81588)	2/6/2002 12:39:15 AM
From: Don Green	Respond to of 116815

Gold Prices Rise Sharply In Japan, U.S. Wednesday, February 6, 2002 TOKYO (Nikkei)--The retail price of gold bars at major Japanese ingot dealers stood at 1,397 yen per gram on Wednesday, up 48 yen from Tuesday, following an overnight rise on the New York market. The retail price approached the 1,400 yen mark posted in October 1998. Prices of gold futures rose across the board on the Tokyo Commodity Exchange on Wednesday. Benchmark December 2002 contracts were traded at 1,274 yen, up 40 yen. On the New York Mercantile Exchange, April contracts of gold futures closed 9 dollars higher at 299.1 dollars per troy ounce on Tuesday, the highest level since February 2000. Gold futures rose for the third straight trading day, topping a high of 294 dollars following the Sept. 11 terrorist attacks. The rise is attributed to asset transfers by investors due to falling U.S. stock prices, the collapse of U.S. energy trader Enron Corp., which sold derivatives, and a 10 million yen cap on deposit guarantees to be introduced in Japan in April. Sales volume has been on the rise at major ingot dealers in Japan since the beginning of the month. "Many customers come to buy over 10kg worth of gold," said an employee of Tokyo-based Tanaka Kikinzoku Jewelry KK. A Mitsubishi Materials Corp. (5711) official said one customer drove all the way from the northern Kanto region to a retail outlet in Tokyo to buy 50kg worth of gold. (The Nihon Keizai Shimbun Wednesday evening edition)