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

To: Andrew who wrote (1197)	12/24/2003 3:58:10 AM
From: Wade	Read Replies (1) \| Respond to of 48092

jse.hosted.inet.co.za Bonds firmer on rand recovery By Helmo Preuss The South African capital market continued firmer in very quiet trade at midday on Tuesday, as the rand recovered after testing the R7 per dollar level on both Friday and Monday. At noon the short-dated R150 bond was at 8.130% from Monday's close of 8.255%, while the longer-dated benchmark R153 bond was at 9.095% from Monday's close of 9.160%. The five-year bond R194, meanwhile, was at 9.030% from 9.130% at its previous close. The rand was last quoted at 6.8650 from Monday's New York close of 6.9051 and Friday's New York close of 6.9438 and 6.6250 per dollar at Thursday's New York close. The range so far on Tuesday was from 6.8525 to 6.9651. "The bond market is following the rand stronger. Those guys saying that the rand has turned will have to eat their predictions, just as they did in January when the rand moved above 9 rand per dollar from 8.50. The formation of a double top in the rand is a strong technical level, and I think we will see 6.50 again before we see 7.50. That is one of the reasons why the short-end is so strong," said a trader. Foreigners were net buyers of R965.719 million worth of South African bonds on Monday after net sales of R290.928 million worth of local bonds on Friday, Bond Exchange of South Africa statistics show. Nominal cumulative volume was R22.056 billion on Monday from R21.123 billion on Friday. I-Net Bridge 23/12/2003 I will hold on my SA golds.