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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (1124)	12/6/2003 7:37:21 PM
From: Wade	Read Replies (1) \| Respond to of 48092

Okay. Here is Soros. Rand remains steady in late trade -------------------------------------------------------------------------------- By Ray Faure The South African rand remained steady against the major currencies in late trade on Friday after weakening in earlier trade. Dealers said exporter dollar sales had helped the local currency to recoup its earlier losses. At 1555 the rand was quoted at 6.3089 to the dollar from a New York close of 6.3447 on Thursday and 6.2050 on Wednesday. It traded below 6.10 per dollar in afternoon trade on Wednesday for the first time since January 2000. Although it touched an intraday worst level of 6.4326 on Friday, dealers still expect the rand to test 6.00 per dollar in the medium term. The local currency was quoted at 7.6515 against the euro from a previous 7.6684 and at 10.8616 against sterling from Thursday's close of 10.9370. The euro was quoted at $1.2125 from $1.2083 late Thursday in New York, while gold was quoted at $400.80 an ounce from its previous close of $402.50/oz. "The rand has been very quiet. It has recovered from above 6.40 on local exporters selling dollars and, with New York now in the market, I think it will possibly move even stronger," a currency trader said. He said the rand's weakening earlier was on the back of a short dollar squeeze in an illiquid market in reaction to comments by currency speculator George Soros that the rand had probably appreciated too much recently and its strength appeared to be hurting the country's competitiveness "I still think the rand will test 6.00 in the next couple of days or weeks," the trader asserted. I-Net Bridge Sunday 07 December 2003