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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: BigTex who wrote (2467)9/10/1998 4:40:00 PM
From: Mr Metals  Read Replies (2) | Respond to of 5908
 
TY BT.

MM



To: BigTex who wrote (2467)9/11/1998 9:04:00 AM
From: Mr Metals  Read Replies (2) | Respond to of 5908
 
Barrick Gold Corp -
Globe says gold prices show signs of life
Barrick Gold Corp ABX
Shares issued 375,645,771 1998-09-10 close $27.25
Friday Sep 11 1998
Also Euro-Nevada Mining Corporation (EN)
Also Franco-Nevada Mining Corp Ltd (FN)
Also Placer Dome Inc (PDG)
The Globe and Mail reports in its Friday, Sept. 11, 1998 edition that gold prices came to life yesterday, jumping as much as $7.50 (U.S.) an ounce, only two weeks after hitting their lowest level in 19 years. The Globe's Allan Robinson writes that the price of gold ended the day at $290.70 an ounce, up $6.30. The move in bullion sent gold mining companies on the TSE soaring. The share of Barrick Gold advanced $2.15 (Canadian) to $27.40; Placer Dome $1.45 to $18.10; Franco-Nevada Mining $2 to $26.30; and Euro Nevada Mining $2.10 to $19.70. Maison Placements president John Ing says the "super strong" U.S. dollar has hurt currencies and commodities around the world. He says a lower U.S. dollar against the Japanese yen will make gold cheaper for customers in Japan, a major buyer of gold. He also says the political problems of President Bill Clinton, who may face impeachment, have also shaken the markets. He says when there's moral corruption at the top, people just collapse the currency.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

MM



To: BigTex who wrote (2467)9/11/1998 12:52:00 PM
From: Mr Metals  Respond to of 5908
 
Barrick Gold Corp -
Wall Street Journal says gold outlook mixed
Barrick Gold Corp ABX
Shares issued 375,645,771 1998-09-10 close $27.25
Friday Sep 11 1998

The Wall Street Journal reports in its Friday edition that gold bulls finally had a rewarding day on Thursday as concerns about political conditions in the U.S., global markets turmoil and the weakening U.S. dollar converged to bring in new buyers and prompt some of the more timid bears to close out their positions in the precious metal. Reporter Terzah Ewing notes that in a sign that gold's rally on Thursday may continue, analysts also say the market, beaten down for months as safety-conscious investors turned to the dollar and to U.S. treasury bonds rather than gold, benefited from new buying by commodity and hedge funds, banks and brokerage houses. Not all participants in the gold market believe the rally will continue, however. William O'Neill, senior futures strategist for Merrill Lynch in New York, says the proliferation of uncertainties made for a good day for gold but the fundamental picture is still negative.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

MM