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

To: IngotWeTrust who wrote (3021)	1/30/2003 11:45:10 AM
From: 4figureau	Respond to of 5423

Speaking of China...missed this piece from yesterday..very interesting: UBS Warburg Precious Metals Daily Update, Jan 29,2003 09:28:22 >>"GOLD: NEWS: China's central bank, seen intervening recently in Shanghai's gold exchange to curb sky-high prices, is expected to allow trade to return to normal after the Lunar New Year holiday next month, traders said on Tuesday. Domestic gold prices rose to such dizzying heights that the central People's Bank of China sold some of its precious metal to cool prices which had risen above world levels due to a demand spike before the important annual holiday, they said (Reuters). We expect that the Shanghai gold exchange will continue to require official intervention to keep pricees in line with the OTC market until imports and exports of gold by domestic banks start later this year."<<