Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bobby Yellin who wrote (17179)	9/1/1998 7:12:00 PM
From: goldsnow	Respond to of 116906

GULAG joke that my dad told me when I was 10 Letter from Siberian GULAG- (had to pass through censors) Conditions are terrific..Food plentiful and Cheap..You can buy Elephant for 3 bucks, but I was thinking why do I need Elephant in Siberia? I could add $20 more and buy Chicken...

To: Bobby Yellin who wrote (17179)	9/1/1998 8:47:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116906

FOCUS - Aluminium, copper gain ground in Europe 01:59 p.m Sep 01, 1998 Eastern LONDON, Sept 1 (Reuters) - Aluminium and copper firmed in Europe on Tuesday on shortcovering, defying early gloom caused by yesterday's sharp falls on Wall Street and fears of a possible market squeeze, traders said. Copper for delivery in three months time finished at $1,642 a tonne, near the day's highs and $17 above the previous close on Friday. Traders said that copper's surge started at midday and was led by early gains on the New York market prompted by trade buying. Aluminium gained $21 to end at $1,383 a tonne after breaking through resistance at $1,380. Analyst Robin Bhar of broker Brandeis said the rally was based on Japanese buying, encouraged by a stronger yen against the dollar. White sugar futures held above fresh contract lows but ended around $5 down on Friday's close and looked weak with the European Union, the world's largest producer, expecting another big crop in October and with no big buyers in sight. Front October sank to $222.50 a tonne on investment fund and producer selling early on Tuesday, 50 cents lower than the previous contract low hit on Friday and the lowest since February 1988 when it touched $215. ''It's due for a technical bounce but won't get very far,'' said a trader, noting that sugar futures looked oversold on the charts. Gold continued its upside rally on Tuesday afternoon, boosted by a higher Japanese yen and short-covering, dealers said. Gold was last quoted at $277.80/$278.30 an ounce from the previous New York close at $275.30/$275.80. Bullion fixed more than five dollars higher in London in the afternoon at $279.00, from Friday's 19-year low fix of $273.40 an ounce. ''It is a combination of the dollar/yen and there are some weak short-term shorts out there. I believe gold can maybe move a couple of dollars higher on the upside to squeeze out the weak shorts,'' one dealer said. The yen -- watched as an indicator for Asian gold demand -- strengthened against the U.S. dollar on Tuesday, although it began dropping back in later trading. Analysts said gold's recovery, after touching $270.75 in spot trading on Friday, saw Asian buyers appearing for the first time in some weeks, which generated short-covering. Silver fixed at a fresh 11-month low of 473.00 cents in London on Tuesday but the metal recovered in spot trading and was last quoted at $4.75/$4.78 an ounce from the previous close in New York at $4.66/$4.69. Some prices at 1600 GMT: Tuesday Friday Ldn Spot Gold ($ per ounce) 278.85 273.10 IPE Brent Crude Oil (Oct) 12.54 12.23 London Metal Exchange (Three months delivery) Copper ($ per tonne) 1,641.50 1,617.00 Aluminium ($ per tonne) 1,383.50 1,362.00 LIFFE Coffee ($/tonne)(Nov) 1,605.00 1,630.00 Cocoa (Stg/tonne) (Dec) 1,076.00 1,031.00 White sugar ($/tonne) (Oct) 225.00 225.00 CBOT wheat ($/bushel) (Sept) 2.38 2.42 ((Peter Blackburn, London Newsroom +44 171 542 8064, fax +44 171 542 8077 london.commodities.desk+reuters.com)) Copyright 1998 Reuters Limited.