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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (2584)	10/28/1997 2:51:00 AM
From: Sergio R. Mejia	Read Replies (1) \| Respond to of 116858

Australian Gold miners brace for next hit afr.com.au

To: PaulM who wrote (2584)	10/28/1997 3:02:00 AM
From: Sergio R. Mejia	Respond to of 116858

Aussies feeling the heat: "$A in free fall as market slumps" "Gold is our second most important commodity export in dollar terms, and a fall in its value hurts the local currency." While the dollar has now fallen by more than 3c in four trading days, traders are not ruling out further falls. "There are people out there talking about 60c - it is not out of the question - but most of the recent fall has more to do with the fall in gold price [than a fundamental push towards US60c]," said a NatWest Markets bond and currency strategist, Mr Stephen Halmarick. smh.com.au