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

To: goldsnow who wrote (3916)	12/7/1997 1:08:00 PM
From: yard_man	Read Replies (1) \| Respond to of 116811

Re Southeast Asian countries have predominantly borrowed from banks to finance growth, but Latin America has raised money by issuing securities, such as bonds and notes. Bad loans are bad loans whether a banks makes them or they are financed through the sale of bonds, right?

To: goldsnow who wrote (3916)	12/8/1997 8:59:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116811

"Argentina's sale, gold miners globally will note, leaves Antarctica the only continent not to see an official sellers recently, though there are rumors the penguins are restless," said Andy Smith, analyst Gold steady, silver forwards active By Miranda Maxwell, Bridge News By Miranda Maxwell, Bridge News London--Dec 8--Gold held steady within a narrow range here this morning as players quietly awaited afternoon trade to see what today's US activity would bring. Silver was more active, particularly in the forward market where dealers reported active borrowing to 12 months out. * * * Spot gold traded at around $288.50-289.00 per ounce here, up around 75 cents from overnight levels after maintaining a narrow range. Prices were holding steady after managing small gains Friday from a low of $286 last week. In the physical market, good demand was reported form India and gold imports in Taiwan were reported up. Also, a US jobs report Friday showed a much higher- than-expected rise in payrolls in November, signalling increased inflationary pressures could continue untamed as global nervousness about economics in Asia continues, a report from GNI research noted. However, the hangover of news of Argentina's central bank sale of all of its 4- million-ounce gold reserve continued to plague sentiment, one analyst describing the announcement as "another crack of the whip behind the bear stampede." "Argentina's sale, gold miners globally will note, leaves Antarctica the only continent not to see an official sellers recently, though there are rumors the penguins are restless," said Andy Smith, analyst at UBS. SILVER Silver held firm after Friday's 18-cent rally to a high of $5.46, and dealers cited active interest in the forward market which tightened one-month lease rates to around 3.6%. Sources said market talk continued to suggest a technical "squeeze" may develop in the silver market as those with access to declining exchange stocks gain greater control. Some analysts have predicted silver could rise to heights of $8-9 next year. See story .2115 for COMEX silver stock breakdowns and .2106 for silver futures commitments. Spot precious metals prices are in US dlrs per ounce: London 1227 GMT Tokyo 0630 GMT late New York Gold (KRCGL) 288.50-289.00 287.85-288.25 288.00-288.50 Silver (KRCSL) 5.43-5.45 5.40-5.42 5.40-5.42 Platinum (KRCPL) 380.00-382.00 380.50-382.50 381.00-383.00 Palladium (KRCPA) 206.00-208.00 207.00-209.00 206.00-208.00