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


To: goldsheet who wrote (82265)2/18/2002 2:55:07 AM
From: goldsheet  Read Replies (2) | Respond to of 116835
 
Australia's gold output fell for the fourth year in a row in 2001, down 5 percent from the year before to 281 metric tons.

cbs.marketwatch.com



To: goldsheet who wrote (82265)2/20/2002 1:40:26 PM
From: Zardoz  Respond to of 116835
 
Hi Bob, have you ever done a Short Position versus Gold and gold stock for say a company like ABX, PDG, NEM.

might prove to be interesting.



To: goldsheet who wrote (82265)2/24/2002 2:42:02 PM
From: long-gone  Respond to of 116835
 
Bob:

Sunday February 24, 9:01 am Eastern Time
AIB unable to confirm Citibank e-mail link report
DUBLIN, Feb 24 (Reuters) - Allied Irish Banks was unable to confirm a British newspaper report on Sunday that a probe into fraud by a rogue trader at its U.S. subsidiary had found e-mails appearing to show collusion with a currency dealer at Citibank (NYSE:C - news).

The report in the London-based Sunday Times said investigators looking into the fraud, which cost Allied Irish (quote from Yahoo! UK & Ireland: ALBK.L) $691 million, had recovered e-mails from a computer belonging to John Rusnak, the trader at the centre of the probe, which showed ``clear evidence'' he had help from outside the bank.

Quoting unidentified sources close to the Irish bank, the report said the electronic mail messages were from an apparent accomplice at America's biggest bank, who warned Rusnak the cover-up of his losses on the currency market could not continue.

``The trader at Citibank told Rusnak, 'This cannot go on much longer','' a source is quoted as saying.

An Allied Irish spokesman in Dublin was unable to confirm the report's claims.

``I can't comment. We have no knowledge of it here,'' he told Reuters.

The Irish bank stunned investors and shocked the world's financial community earlier this month when it revealed that Rusnak, based at its U.S. unit Allfirst in Baltimore, had lost a fortune through unauthorised currency deals.

The trader had forged documents to make it appear as though he had hedged the risk on his transactions, Allied Irish said.

The bank said last week that some of the losses incurred by Rusnak dated back five years.

Allied Irish has sent in a team of investigators headed by a former comptroller of the U.S. currency, Eugene Ludwig. A report on the probe's findings is due by March 9.
biz.yahoo.com