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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (4498)	1/10/2006 12:09:58 AM
From: E. Charters	Read Replies (1) \| Respond to of 78410

GOLD surged to its highest price since 1981 in London and New York yesterday after another new year bout of buying from Japan pushed the Far East price higher overnight. Buyers again won the battle against profit-takers as New York hedge funds backed the intuition of Asian investors. In London the market value of a troy ounce of gold closed at $543. In volatile New York trading, gold for delivery in February closed up $9.30 to $550.50 an ounce. Although hedge funds have taken the baton, the upsurge in the gold price has been driven by a new feeling in Japan that deflation is over and a search for trusted assets to hold.