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

To: IngotWeTrust who wrote (1079)	1/13/1998 2:59:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 1756

Well O49'er, you called it. Here it is! Hashimoto's ruling Liberal Democratic Party (LDP) was on Tuesday reported to be considering proposing the creation of an Asian currency unit (ACU) and the future issue of ACU-denominated bonds. Jiji news agency said the proposed ACU would be similar to the European currency unit, a composite currency based on a basket of national units. LDP politicians were said to be floating the ACU idea as Asia struggled to shake off the effects of its financial crisis, which has cut the value of many regional currencies. The need by Asian nations to buy dollars to repay loans has been blamed as one cause for the decline in the value of regional currencies. biz.yahoo.com

To: IngotWeTrust who wrote (1079)	1/13/1998 5:17:00 PM
From: Lalit Jain	Respond to of 1756

Ole 49r, Good call. Gold may be starting to turn around. More and more producers are liquidating their forward sales positions. Vista Gold Corp. (Amex: VGZ; TSE) announced today that it has taken steps to improve its cash flow in 1998 by approximately US$16.5 million. The improved cash flow has been accomplished by the liquidation of its forward position in the gold market and temporary suspension of mining activities at Hycroft. The unwinding of the hedge positions covering approximately 200,000 ounces was completed on January 8 generating $9.5 million. The full release can be found at: newswire.ca Regards, Lalit Jain