Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bobby Yellin who wrote (3179)	11/15/1997 2:58:00 PM
From: Mark Bartlett	Read Replies (2) \| Respond to of 116818

Bobby and all, Get a load of this ... from Kitco thread .... sorry if it was posted earlier - no time to read thread. **** Futures World News - November 14, 1997 17:07 METAL GENERAL V%FWN P%FWN New York-Nov. 14-FWN--THE COMEX DIVISION OF NYMEX TODAY reported that Swiss Bank Corp., who will cease to act as a Licensed Depoistory for the storage of gold and silver deliverable against COMEX's gold and silver futures contracts on Nov. 21, 1997, has informed the exchange that Swiss Bank has been incorrectly reporting the amount of gold and silver eligible for delivery against the respective contracts. Due to an error in reporting stocks, the Metal Warehouse Statistics from the close of business on Nov. 13 incorrectly showed a total of 3,811,872 troy ounces of silver and 75,284 troy ounces of gold at Swiss Bank Corp. The actual total was 335,203 troy ounces of silver and 43,696 troy ounces of gold. Today's inventory report, dated Nov. 14, 1997, correctly reflects the transfer of all Swiss Bank Corp. gold and silver inventories to Republic National Bank. *** Seems there was not as much in stock as there was reported .... COMEX should be interesting Monday. MB

To: Bobby Yellin who wrote (3179)	11/15/1997 5:17:00 PM
From: goldsnow	Respond to of 116818

Bobby, with Iraq preoccupation, a transition of power in South Africa with Mandela retirement was left entirely unnoticed. Yet IMO it has significant implications for gold industry, if war will break-out there (likely) ÿFull story PRESS DIGEST - South Africa - Nov 14 05:38 a.m. Nov 14, 1997 Eastern PRESS DIGEST - South Africa - Nov 14 JOHANNESBURG, Nov 14 (Reuters) - These are the leading stories in the South African press on Friday. Reuters has not verified these stories and does not vouch for their accuracy. BUSINESS DAY - The truth commission's business hearings got to the heart of the relationship between the private sector and apartheid on Thursday as business and labour gave their views on the mining industry. - Gold Fields of South Africa's (GLDF.J) (GFSA) plans to use Driefontein Consolidated (DRFN.J) as a vehicle for its proposed 17 billion rand gold asset merger with Gencor (GMFJ.J) was blocked by Anglo American (AACJ.J) on Thursday, which analysts said could be a body blow to the merger proposal. - Thousands of employees in provincial health departments are set to lose their jobs because of the national health budget deficit of 1.5 billion rand. - Iraq's order to expel American members of a United Nations (UN) arms inspection team immediately has led to a UN decision to withdraw all weapons inspectors from Baghdad and, a Pentagon official said, moved the crisis a step closer to military confrontation. - Education Minister Sibusiso Bengu is heading for a showdown with the South African Democratic Teachers' Union (Sadtu) over an out-of-court settlement this week with Cape Town's Grove Primary School on the employment of teachers by public schools. BUSINESS REPORT - The creation of the world's largest gold company, Goldco, was dealt a strong blow on Thursday as mining house Anglo American voted against the deal, arguing that not enough information had been given to shareholders. - Foshini (FOSJ.J), the fashion retailer, would mop up losses from Oceana, its offshore associate, after confirmation of a buyout deal for Etam (ETM.L), the struggling UK clothing chain, Neville Goodwin, Foshini's managing director, said on Thursday. - Analysts responded positively to last night's anouncement that Premier Group (PMLJn.J) was concluding plans to distribute its main listed investments to its shareholders. - Anglo American, the mining and industrial conglomerate, on Thursday distanced itself from any relationship with the apartheid regime and said it had often considered cutting loose from the Chamber of Mines, in a submission to the Truth and Reconciliation Commission (TRC). SAKE BEELD - Eskom, the fourth largest electrical supplier in the world, will become a real company next year. THE STAR - Johannesburg northern suburbs residents have closed off more than 200 roads during the past few months in bids to cut crime. But at least half the closures are illegal, and local councils have served removal notices on many residents. - For years, local residents described Apel as ''somewhere between here and nowhere.'' But today, Northern Province Premier Ngoako Ramatlhodi will put the remote village on the map when he opens its mini industrial park, already identified as a model for other rural areas. - The ANC has had a major rethink on moving Parliament from the Western Cape to Gauteng. - Errant fathers who dodge maintenance payments for their children will have nowhere to hide when the Maintenance Bill, which allows the courts to compel absentee dads to cough up, is passed by Parliament next year. -- Johannesburg newsroom +27 11 482 1003 Copyright 1997 Reuters Limited. All rights reserved. Republication and redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. ÿSearch