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

To: Bald Eagle who wrote (4043)	12/9/1997 6:17:00 PM
From: lorne	Respond to of 116874

Hi Wiseowl Guess I havn't thought of low cost of gold being profitable to anyone. Electronics sure, I guess I would choose jewlery industry especially in asian countries, course with their currencies being so low they may have trouble buying gold,seems like gold follows the Asian currencies lower. Lorne

To: Bald Eagle who wrote (4043)	12/9/1997 6:38:00 PM
From: lorne	Read Replies (1) \| Respond to of 116874

Gold slides amid currency turmoil . . . NEW YORK (CBS.MW) -- February goldÿdropped 1.8 percent to an 18-year low,ÿ pressured by the ongoing currency crisis in India, the world's largest gold consumer. Devalued along with other Asian currencies against the U.S. dollar, India's rupee has made gold more expensive for Indian traders because the metal is denominated in dollars. The dollar hit a 5 1/2-year high against the Japanese yen on Monday, however, the U.S. currency shed 0.5 percent against the yen in Tuesday trading. February gold fell $5.10 to $284.90 per troy ounce on the Commodity Exchange division of the New York Mercantile Exchange.