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

To: goldsheet who wrote (87634)	7/3/2002 11:35:49 AM
From: Real Man	Read Replies (1) \| Respond to of 116766

Interesting.... Indian rupee is presumably pegged against the dollar (currency corridor) - the dollar merrily continued an uptrend in rupees. So gold in rupees rose even faster than in dollars

To: goldsheet who wrote (87634)	7/3/2002 1:18:34 PM
From: long-gone	Read Replies (1) \| Respond to of 116766

Moneynews.com Insurance Policy for Equities: Gold Investing in gold is not an esoteric science reserved for gold bugs, and Gabelli Gold Fund Manager Caesar Bryan is optimistic the yellow metal can go higher. "Just a few years ago, the price oscillated between $350 and $400 an ounce," Bryan tells TheStreet.com. "I don't see why it can't get back to that level." Bryan forecasts prices at $400 an ounce by the end of the year and debunks the myth that gold has had its run and now it's over, citing what happened in 1993 and 1996 when movements of $70 to $100 an ounce were common, but inevitably stopped. But there's a difference between a bull market and a bear market rally for gold. The portfolio manager says the gold and gold stocks are knee-deep in a gold bull market, but the U.S. needs a small shift into real assets to get an even bigger move from gold than in the two previous rallies. Gold is bugged as a sound long-term investment, Bryan concludes. "Over the last 20 years, gold has been merely a trading opportunity with these very powerful rallies in an otherwise downwards market. If you think that gold is going to be in a basic bear market for the next 20 or even five years, then you should be selling now," he advises, saying that the secular changes taking place in the industry pits gold as a longer-term investment strategy. Bryan, who manages the Gabelli Gold Fund and boasts a 64 percent return so far this year, doesn't tap into all gold mining stocks. The portfolio manager stays away from exploration companies, especially small ones, and sticks to production companies, he tells TheStreet.com & Euro Cash Gets Cheaper Holiday and business travelers can now pay the same fees to withdraw euros from cash machines or make card payments in euros in other EU Member States as in their home country. EU commissioners tell EUBusiness.com that its new Cross-Border Payments Regulation allows a single payments area, making it cheaper for people traveling to other states to withdraw euros. The average cost of withdrawing 100 euros in another member state was 4 euros, while the cost of the same transaction in the country where the account is based is minimal. As of Monday, cross-border transactions are the same among EU Member States. The move makes it cheaper to buy goods and services not only in Member States but also by Internet, telephone or mail order. Non-Member States can also use the cross-border payments regulation where those currencies are used as long as the commission is notified and wan't the rules to apply. The Swedish Government is doing so, and applied the regulation for Swedish krona.