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

To: goldsheet who wrote (88327)	7/25/2002 9:05:42 PM
From: d:oug	Read Replies (1) \| Respond to of 116770

BULLETIN: SEC Serves JPM Subpeona On Derivatives at 5PM . From: LePatron@LeMetropoleCafe.com . Jim Sinclair just sent The Cafe the following note: . Bill: The SEC served JPM the demand for documents subpeona at 5 PM concerning the derivative dealing with Enron. Keep in mind Enron dealt in the gold derivativers with JPM. Let see where this goes. Regards, Jim . All the best, Bill Murphy Le Patron, LeMetropoleCafe.com Chairman, Gold Anti-Trust Action gata.org

To: goldsheet who wrote (88327)	7/25/2002 9:45:10 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 116770

Bob, Here is an example of what I as warning folks about earlier this year. With improved gold prices miners are putting more resources into the reserve category. biz.yahoo.com S Africa Harmony: Gold Ore Reserves Up 49% On Year "Harmony said it had resources in excess of 295 million troy ounces, with 49 million oz being in the reserve category. That is up from around 224 million oz in 2001, of which 33 million oz were in ore reserves category, the company said." Exactly what do 'reserves' mean physically and financially to a gold miner? What is the implication about which you were warning? TIA, Don

To: goldsheet who wrote (88327)	7/25/2002 10:27:32 PM
From: long-gone	Read Replies (1) \| Respond to of 116770

<<Here is an example of what I as warning folks about earlier this year. With improved gold prices miners are putting more resources into the reserve category. >> Then not long ago you were sure the bear market was over. Can't have it both ways.

To: goldsheet who wrote (88327)	7/25/2002 11:18:21 PM
From: marek_wojna	Respond to of 116770

<<With improved gold prices miners are putting more resources into the reserve category.>> I think Goldcorp is making up a significant gold reserve as well according to their last statement. Barrick didn't increase production too, opposite. Everything would be in favour of higher POG, except I'm afraid US, Europe is going into vicious manufacturing costs and prices deflation a la Japan. Services like health care and other like gov't fees, insurance, will take the premiums but the picture for equities including gold stocks is more than cloudy. You were right on hoarding by miners.

To: goldsheet who wrote (88327)	7/26/2002 3:25:38 AM
From: steve susko	Respond to of 116770

sure didn't help the stock much today.

To: goldsheet who wrote (88327)	7/26/2002 11:02:44 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116770

Yes, Bob, you have been consistent in your warning. And I, too, have done verbal jousting with geo in denver and Enigma and others over this run gold into reserves when it is convenient and take them out of reserves when THAT is more advantageous. This capricious and "pErforma" <----pun alert shinanigan is old and abused and needs as much overhaul in my opinion as does the current "corporate climate" in the other industries. No wonder people avoid this sector as an investment consideration. Just keep banging them on the head with numbers, Bob, and I'll keep hitting 'em with "in the trenches experiental truth" and maybe someone will save a bundle by looking for this phenom so they don't get blindsided in their due dilly. gold_tutor