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

To: lorne who wrote (4956)	12/30/1997 5:20:00 PM
From: GOLDFINGER	Read Replies (1) \| Respond to of 116759

Today, during the CNBC Squawk Box program, there were 2 major Gold Analysts who were asked to give their forecast for Gold for next year. Both were bullish, and one of them forecasted that the POG would be 100 $ higher than its current price !!! They both refer to the crisis in Asia, which wil get worser and will spread all over the world, creating big cash (insolvability) problems. And gold would be a good hedge for this kind of problems... GF.

To: lorne who wrote (4956)	12/31/1997 3:05:00 PM
From: Mark Bartlett	Respond to of 116759

Lorne, <<Never thought to ask the bank if they would purchase back the gold if the price ever got to 1000.00$/oz>> I could be wrong - but I do not believe the banks would have a choice with respect to buying back your gold. MB

To: lorne who wrote (4956)	12/31/1997 9:18:00 PM
From: lorne	Read Replies (1) \| Respond to of 116759

EUROPEAN BANKS TO HELP OUT SOUTH KOREA (31-Dec-1997) SOUTH KOREA'S GETTING A HELPING HAND FROM TOP EUROPEAN BANKS. SWISS AND FRENCH BANKS HAVE AGREED TO ROLL-OVER SOME OF SEOUL'S SHORT-TERM DEBT FOR ONE MONTH. THIS COMES HOT ON THE HEELS OF ANNOUNCEMENTS BY TOP DUTCH BANKS, SUCH AS I-N-G AND A-B-N-AMRO. THEY SAY THEY'D ROLL OVER ANY OF SOUTH KOREA'S DEBT THAT COMES DUE TODAY.... *IF OTHER G-7 NATIONS FOLLOW SUIT. MANY EXPECT BANKS IN THE U-S AND JAPAN TO JOIN IN EXTENDING A LIFELINE TO SEOUL. ABOUT 15 BILLION DOLLARS IN SHORT-TERM DEBT IS DUE TODAY.... ALTHOUGH HOW MUCH OF THAT IS DUE TO THE EUROPEAN BANKS HAS NOT BEEN REVEALED. HOWEVER, ACCORDING TO THE BANK OF INTERNATIONAL SETTLEMENTS, EUROPEAN LENDERS ARE THE MOST HEAVILY EXPOSED... WITH LOANS TOTALLING SOME 39 BILLION DOLLARS AT THE END OF 1996. Wonder if US & Canadian banks have any exposer ? Na can't be were just nice guys trying to help out.