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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (1044)1/6/1998 11:48:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 1756
 
Ole--

ABX - 36.64%
NEM - 24.70%
PDG - 15.92%

The other eight components don't count for much. The index is an odd one: not long ago I read that the SEC didn't want to allow options trading in the DJU because there weren't enough components and several were too heavily weighted for their tastes. So how'd the XAU get by? And what'll happen to it if we see the consolidation the market is predicting?

Janice



To: IngotWeTrust who wrote (1044)1/6/1998 1:23:00 PM
From: Bucky Katt  Respond to of 1756
 
49r--WOW, someone is buying a gold stock!!!
Is this for trading or l-t?



To: IngotWeTrust who wrote (1044)1/7/1998 2:33:00 AM
From: Richnorth  Read Replies (1) | Respond to of 1756
 
That European Bird is unlikely to fly!!!

Germany will miss budget deficit target

Germany, which has pressed for stringent criteria to join Europe's common
currency, will itself miss the budget deficit target for 1997, an economic
research institute calculates. Though European governments are talking about
the euro currency as a sure thing, the numbers are a new sign of how record
unemployment and budget woes are forcing Germany into an embarrassing
struggle to make the grade. To qualify for participation in the euro next year,
European Union members must keep their 1997 budget deficits within 3% of
their gross domestic product. (USA Today)



To: IngotWeTrust who wrote (1044)1/8/1998 3:54:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 1756
 
49r--You should have waited on your ABX purchase. Also, look at the horrid news on NEM>> Leading Peruvian miner Buenaventura (BUEt.LM) dropped 10 percent
on opening trade at the Lima bolsa due to information circulating in the market of an unfavorable
turn in a legal dispute over its stake in the massive Yanacocha gold mine.

The 10 percent fall to 11.58 soles on volume of 25,150 shares -- the maximum drop allowed
under local bolsa rules -- followed a similar 10 percent loss in Wednesday's session.

Buenaventura is the joint owner with Canada's Newmont Mining Corp (NYSE:NEM - news) of
Yanacocha, the largest gold mine in Latin America. But both companies are currently embroiled in
a lengthy legal dispute with France's state-owned Bureau de Recherches Geologiques et Mineres
And it get's worse everyday. Down another limit the morrow??