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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2407)	1/4/2003 11:45:25 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

Gold Rises Above $350 an Ounce on Weaker Dollar, World Tension By Mark Jaffe >>``It's starting to look as if this market has legs,'' McGhee said, predicting prices may rise as high as $365 an ounce in the next few days.<< New York, Jan. 3 (Bloomberg) -- Gold futures rose, closing above $350 an ounce for the first time since 1997, as a weakening dollar and military tensions in the Middle East and Asia made the metal a more attractive haven to investors. ``The euro, the yen, the Swiss franc are all moving higher, and the political worries are out there,'' said Marty McNeill, a gold trader at R.F. Lafferty & Co. in New York. ``These things won't go away.'' Gold prices have risen 9.5 percent in the past month as threats of a U.S. attack against Iraq and concern that North Korea has resumed development of nuclear arms increased demand for the metal. The weaker dollar has made dollar-priced gold cheaper for buyers using other currencies. Gold for February delivery rose $5.10, or 1.5 percent, to $351.60 an ounce on the Comex division of the New York Mercantile Exchange, the highest closing price for a most-active contract since April 1997. The 26 percent rise in gold futures in the past year was prompted partly by falling stock prices, which increased demand for the metal as an alternative investment. Gold had languished during the earlier surge in stocks, with prices sinking to a 20- year low of $253.20 an ounce in July 1999. The dollar fell for the seventh time in eight sessions against the euro and weakened against the yen, contributing to today's gain for gold, traders said. Speculators bought gold futures ``anticipating the market will go higher,'' said Frank McGhee, head trader at Alliance Financial LLC, a gold-trading company in Chicago. Market `Has Legs' ``It's starting to look as if this market has legs,'' McGhee said, predicting prices may rise as high as $365 an ounce in the next few days. Hedge funds and other large speculators as of Dec. 24 had bought 57,105 more gold futures contracts than they had sold, the largest ``net-long'' position since February 1996, a report last week from the U.S. Commodity Futures Trading Commission showed. Gold-mining shares also rose. The Philadelphia Gold & Silver Index of 11 mining companies gained 1.69 to 79.51. Shares of Denver-based Newmont Mining Corp., the world's biggest gold producer, rose 42 cents, or 1.4 percent, to $30.12, a seven-month high. U.S. President George W. Bush accused Iraqi President Saddam Hussein of holding the United Nations Security Council ``in contempt'' for failing to prove his country is free of weapons of mass destruction. More Troops Bush has threatened military action against Iraq to force it to disarm. The U.S. has about 40,000 Army troops in the Persian Gulf, and the Pentagon this week ordered the entire 3rd Infantry Division to the region. ``More important then what Bush said is what he did this week, mobilize more troops,'' said Leonard Kaplan, president of Prospector Asset Management, a money-management company in Evanston, Illinois. ``That's what the market is responding to.'' North Korea called for diplomacy to settle its dispute with the U.S. over its nuclear-arms program. North Korea which acknowledged in October that it was violating a 1994 disarmament accord with the U.S., last month expelled UN inspectors monitoring its nuclear program. quote.bloomberg.com

To: Jim Willie CB who wrote (2407)	1/4/2003 12:16:20 PM
From: 4figureau	Read Replies (1) \| Respond to of 5423

Junior List new 52 week highs (New 52 week highs are in bold) Symbol... Name... Last... Pct from Year (Intraday) High AAM.V ATACAMA MINERLS 0.59 -50.42% AAS.V ALAMOS MINERALS 0.420 -54.35% AHR.V AMARC RSC 0.300 -66.29% ALS.V ALTIUS MINERALS 1.60 -28.89% AMM.TO ALMADEN MNRLS 0.67 -22.99% APG.TO APOLLO GOLD 3.55 -5.33% ARQ.V ANOORAQ RES 0.56 -44.55% ARZ.TO AURIZON MINES 1.60 -13.51% ASM.V AVINO SILV GOLD 1.25 -28.16% BAY.TO CORNER BAY SLV 4.40 -45.00% BDR.V BOULDER MINING 0.170 -43.33% BML.V BARKER MINERLS 0.330 -34.00% BPN.V BRALONE PIONEER 0.390 -4.88% BZA.V AMER BONANZA 0.260 -3.70% CDU.V CARDERO RESRCE 2.50 -3.85% CG.V CARIBGOLD RSC 0.250 -16.67% CKG.V CHESAPEAKE GOLD 3.52 0.00% CLH.V CORAL GOLD CP 0.67 -12.99% CMD.V COMMANDER RSCS 0.250 -56.14% CMF.TO COMAPLEX MIN CP 1.10 -35.29% CQC.TO CUSAC GOLD MIN 0.70 -1.41% CQR.V CONQUEST RSCS 0.300 -23.08% CSLt.V CADRE RESOURCE 0.080 -80.00% CSM.V CONS MAYMAC 0.290 -51.67% CTQ.TO CORRIENTE RES 0.91 -34.53% CZN.TO CDN ZINC CORP 0.200 -37.50% CZZ.V CDN ROYALTIES 1.95 -36.69% DML.V DONNER MINERALS 0.230 -66.18% DNT.V CANDENTE RSCS 0.63 -3.08% DRC.TO DRC RESOURCES 4.25 -11.46% DSM.V DESERT SUN MIN 1.00 -4.76% DSP.V DIAMONDEX RSCS 1.00 -33.33% DSR.V DOUBLESTAR RSC 0.420 -26.32% EAXt.V CONSOLID ETC 0.200 -37.50% EDV.V ENDEAVOUR MNG 2.50 -17.76% EEL.V EAGLECREST EXPL 0.260 -13.33% EGD.V ENERGOLD MINING 0.240 -40.00% EGU.V EURO GOLDFIELDS 2.45 -52.88% EPMu.TO EUROPEAN MINRLS 0.54 -43.16% ER.TO EASTMAIN RSC 0.370 -30.19% EXR.V EXPATRIATE RES 0.090 -47.06% FRG.V FRONTEER DEVLP 0.74 -29.52% GAM.TO GAMMON LAKE RSC 2.22 -7.50% GBG.V GREAT BASIN GLD 1.94 -22.40% GBU.TO GABRIEL RSCS 4.64 -25.16% GLRa.TO GOLD RESERVE 2.05 -43.84% GNG.V GOLDEN GOLIATH 0.250 -66.22% GOG.V GOLDEN TAG RES 0.200 -71.43% GQM.TO GOLDEN QUEEN 0.77 -35.83% GRS.TO GLR RESOURCES 0.450 -22.41% GVY.V GREEN VALLEY 0.080 -60.00% GYR.V GALLERY RES 0.150 -31.82% IAU.V INTREPID MINRLS 0.59 -37.89% IMR.V IMA EXPL INC A 0.58 -38.30% ITS.V INTL TAURUS 0.190 -20.83% IVU.V INTL PBX VENT 0.120 -42.86% IWA.V INTL WAYSIDE 0.190 -24.00% KAN.V KANSAI MINING 0.210 -25.00% KBR.V KIMBER RSCS INC 0.390 -22.00% KG.V KLONDIKE GOLD 0.200 -42.86% KLA.V KALAHARI RSC 0.110 -42.11% KRY.TO CRYSTALLEX INTL 2.32 -39.74% LAM.V LARAMIDE RES 0.110 -42.11% LKW.V LAKEWOOD MIN 0.070 -76.67% MAE.TO MIRAMAR MINING 2.05 -8.07% MAI.V MINERA ANDES 0.450 -10.00% MAT.V MATAMEC EXPLO 0.180 -50.00% MDR.V MANSFIELD MIN 0.60 -20.00% MDW.V MIDWAY GOLD 1.37 -27.89% MOA.V MOUNTAIN LAKE 0.90 -18.92% MYNG.OB GOLDEN EAGLE 0.255 -17.48% NDE.V NDT VENTURES 0.120 -47.83% NDM.V NORTHERN DYNAST 0.65 -54.86% NEM.V NRTHRN EMPIRE 0.310 -67.71% NGT.V NATL GOLD CORP 0.360 -53.85% NPG.V NEVADA PAC GOLD 0.53 -33.75% NRI.TO NOVAGOLD RES 5.37 -13.39% NSU.TO NEVSUN RES LTD 2.30 -2.13% ODX.V ODYSSEY RSCS 0.360 -35.71% PEX.V PAC RIDGE EXPL 0.080 -52.94% PFN.TO PACIFIC NW CAPL 0.60 -38.78% PGI.V PHILEX GOLD 1.20 -43.13% PLY.V PLAYFAIR MINING 0.060 -70.00% PMU.TO PACIFIC MINING 0.82 -43.84% PMV.V PMI VENTURES 0.72 -6.49% PTM.V PLATINUM GROUP 0.75 -27.88% Qa.TO QUEST INVTS A 1.19 -15.00% QRL.TO QUEENSTAKE RES 0.360 -10.00% QTA.V QUATERRA RES 0.080 -52.94% RCW.V ROCKWELL VNTRS 0.060 -72.73% RDK.V REDHAWK RES 0.250 -37.50% RDU.V RADIUS EXPL LTD 0.78 -3.70% RDV.TO REDCORP VENTURE 0.340 -12.82% RFM.V RIMFIRE MNRLS 0.70 -16.67% RSM.V ROYAL STD MINRL 0.350 -27.08% RUP.V RUPERT RES 0.330 -15.38% RVM.V ROYAL VICTORIA 0.400 -38.46% SEA.V SEABRIDGE GOLD 3.40 -8.11% SGD.TO STERLITE GOLD 0.215 -31.75% SJD.V ST JUDE RES 1.45 -11.59% SLGLF.OB SILVERADO GOLD 0.645 -15.13% SLI.V ST ELIAS MINES 0.180 -21.74% SML.V STEALTH MNRLS 0.300 -6.25% SNZ.V SOUTHERN RIO 0.200 -45.95% SRB.V SOLOMON RES 0.240 -14.29% SRU.V STARFIELD RSCS 0.340 -70.18% SSRI SILVER STD RSC 6.00 -23.08% SUL.V SULTAN MIN INC 0.300 -25.00% SWG.TO STHWESTN RSCS 13.76 -8.27% SWM.V SHERWOOD MINING 0.080 -77.14% SWV.V STORNOWAY VENTR 0.260 -75.70% TKO.V TASEKO MINES 0.440 -48.24% TM.V TUMI RSCS LTD 0.93 -4.12% TNX.TO TAN RANGE EXPLR 1.18 -1.67% TQY.V TANQUERAY RES 0.070 -53.33% TRC.V TERYL RESOURCE 0.390 -9.30% TRR.V TNR RESOURCES 0.240 -11.11% TWG.TO TWIN MINING CP 0.400 -51.22% UNO.V FST NARROWS RSC 0.180 -56.10% VIA.TO VIRGINIA GOLD 1.38 -1.43% VLG.V VALERIE GOLD 0.230 -47.73% VNVNF.OB VANNESSA VENTURE 0.55 -72.91% VVC.V VVC EXPLORATION 0.290 -21.62% WKR.V WHITE KNIGHT 0.220 -35.29% WRM.TO WHEATON RIVER 1.77 -15.71% WTC.TO WEST COPPER LTD 4.10 -4.21% XCL.TO X-CAL RESOURCES 0.75 -25.00% YBE.V BANRO CORP 3.50 -54.90% YBZ.V BRAZILIAN RSC 0.060 -53.85% YCU.V COPPER HILL 0.020 -88.89% YLA.V LAKOTA RES INC 3.35 0.00% YMCu.V ANATOLIA MIN 1.16 -36.96% YPM.V PELANGIO MINES 0.240 -20.00% YTM.V TEMEX RESOURCES 0.51 -47.96% YVG.V VEDRON GOLD 0.160 -54.29% YWO.V WOLFDEN RSCS 1.54 -13.97%