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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (4717)8/13/2002 4:49:26 AM
From: Kaena™  Read Replies (3) | Respond to of 39344
 
Very interesting indeed especially if you're long gold stocks. Former chief exec of California Public Employees Retirement System James Burton becoming the new WGC's CEO beginning October1 is a HUGE positive for the gold market. His background in the pension business will bring much needed sponsorship to many Gold equities - taking it from a focus on jewelry to a focus on gold as an asset class. Helca Mining just picked up the California State Teachers Union, Ohio Public Employee union, State Board of Administration of Florida and Lockheed Martin as of Jun 30, 2001. With Burton's credentials and list of contacts he'll be able to sell the gold story quickly to the mangers of these big money funds. The fun is just beginning.