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

To: Garry K. who wrote (19761)	9/25/1998 1:44:00 PM
From: John Barendrecht	Respond to of 116845

ONCE YOU'VE READ THE HEADLINES, COME TO AGORA FOR THE NEWS Good morning to you all. In our bulletin of September 23, in reaction to comments made by Alan Greenspan, we made the following comments with respect to currency and precious metals _________________________________________________________________ Here are some points you must consider: 1] An interest rate cut will decrease the value of the $US against most major currencies. Japan is an obvious choice but after this weekend's trouble with banking reform legislation (a bulletin you have received), you may want to look at the German Mark, the Canadian Dollar and the British Pound. 2] Any drop in the value of the $US will be a positive to precious metals, especially gold bullion and large gold producing companies. In the US, companies such as Barrick Gold, Placer Dome and Kinross. In Canada, those same names can be looked at in addition to smaller-cap names such as Arizona Star, Bema Gold and Iamgold. ___________________________________________________________________ On the currency front, we are pleased to report that all major currencies are up strongly against the US dollar. We are also pleased to report the Japanese Yen, as stated in our report, is actually down. As such, currency traders have much to be happy about over the last 36 hours. Secondly, we are especially pleased to report that gold bullion reached a high of $299.50 on the October Comex. Silver has also staged a nice rally over the last 36 hours. With respect to specific gold companies we mentioned, we are also pleased to announce the following increases since our bulletin: Barrick Gold +$3.40 11.8% Placer Dome +$2.30 11.4% Iamgold +$1.15 27.0% Kinross Gold +$0.96 24.0% Bema Gold +$0.46 25.0% Arizona Star +$0.27 20.0% We are especially pleased with our performance Iamgold, the top performer in the group, which is also an important component of the AGORA portfolio. OUR COMMENTS Fundamentals for gold and precious metals continue to look strong as fears of a global banking crisis spread. The $100 Billion bail out we reported yesterday has investors worried that further collapses among hedge funds may be possible. Continued guessing that interest rates will be cut by the Federal Reserve Board on Tuesday will continue to weaken the $US and continue to strengthen the demand for gold, which is priced in $US. Having said that, we are definitely going to take some profits out of our gold trading positions in the AGORA portfolio. Though we feel confident in the outlook for gold, the last 36 hours has seen a quick move in the price of gold. Typically, this is an knee jerk over reaction and we can expect some pull back in currency and precious metals markets. Thus, would feel more comfortable in capitalizing on some of these profits. Have a great day. Regards, Agora. The Investor's Investor. Published by Agora International Enterprises Corp. © COPYRIGHT 1997-1998 by Agora International Enterprises Corp. ALL RIGHTS RESERVED Information presented by The Investors Investor is not an offer to buy or sell securities referred to herein. It is strictly for information or entertainment purposes, highly opinionated and not in any way guaranteed as to accuracy or completeness. Readers are urged to obtain complete financial and other information directly from their investment advisor or the company. We are not liable for any investment decision. We are not an investment advisor, analyst, market maker, geologist, mining expert, money manager, stockbroker, etc. Stocks mentioned tend to be extremely speculative, volatile, high-risk and unsuitable for all but the most aggressive investors willing to lose all of their investment. DISCLOSURE STATEMENT AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc., Sideware Systems Inc., King Communications International and Valu-net Corporation for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in these companies AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals. AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in these companies.

To: Garry K. who wrote (19761)	9/25/1998 2:02:00 PM
From: long-gone	Read Replies (4) \| Respond to of 116845

All, OK, it is time again. I'm putting out the call. If spot gold is below 297 I'm going to the coin shop again. Who is with me? If we are not going to invest in precious metals, can we expect others to do so? rh

To: Garry K. who wrote (19761)	9/25/1998 3:43:00 PM
From: Alex	Read Replies (1) \| Respond to of 116845

Russian Govt In Turmoil As Deputy PM Resigns By Alastair Macdonald MOSCOW (Reuters) - Russia's fledgling government was thrown into turmoil late Friday when centrist Deputy Prime Minister Alexander Shokhin stormed out of the cabinet nine days after he was appointed. Prime Minister Yevgeny Primakov, who had at last seemed close to completing his cabinet two weeks after being endorsed by parliament, attacked Shokhin's decision as ''irresponsible'' and ''capricious'' at a time of economic crisis. Primakov and President Boris Yeltsin appointed 10 more ministers Friday. Among them was liberal Mikhail Zadornov who, after much hesitation on Primakov's part, retained the finance portfolio. That enraged Shokhin, who was in charge of relations with Russia's major international creditors. He described the reappointment as a ''political mistake'' and said he held Zadornov responsible for Russia's debt freeze and currency collapse. ''The reappointment means that the government is ready to become the heir to the decisions made by the previous cabinet and the central bank,'' Shokhin told NTV television. Primakov's statement, read to Reuters by a government spokesman, left no doubt the new premier was enraged. ''I think this is irresponsible, especially at such a difficult time, with regard to the country, to the government and to the president who had done Shokhin a great favor by appointing him to such an important post,'' it said. But Primakov's statement said the government was calm and ''not weakened'' by Shokhin's ''capricious demarche.'' Shokhin has quit before, and on similar grounds. In 1994, he stormed out of Viktor Chernomyrdin's cabinet, unhappy about the appointment of Vladimir Panskov as finance minister. Later Friday Russian news agencies reported that the head of Russia's securities watchdog, reform-minded Dmitry Vasilyev, had also quit over Zadornov's appointment. Vasilyev, whose Federal Securities Commission is seen as largely ineffective and who has little political clout, is an ally of Zadornov's mentor, reform guru Anatoly Chubais. He was not known to have had problems with Zadornov in the past. Shokhin had been conducting negotiations with the International Monetary Fund and the World Bank since taking office last week -- a role he previously filled in 1994. ''I did not want to be a fig leaf talking to the West without being sure that the ministries I was overseeing would be guiding the policies I could be responsible for,'' he said. With Russia fighting to avert a default on its foreign debts following a debt freeze and the collapse of the rouble on August 17, his departure and the disarray it confirmed at the heart of the government could be a major setback in attempts to win back the confidence of investors and domestic savers. Zadornov's appointment after days of speculation over who would get the post was, however, welcomed by some Western analysts. ''At least he is a known quantity,'' said Stephen O'Sullivan of finance house United Financial Group. But the increasingly powerful Communists -- who forced Yeltsin to renounce his previous nominee for premier Viktor Chernomyrdin and instead appoint the more conservative Primakov -- were unlikely to be pleased with Zadornov. While Shokhin sees Zadornov as an unsuccessful reformer, the Communists see him as embodying much of what they despise in post-Soviet Russia. And the military, who see him as the man who has held up wages, may also be upset. Communist Party chief Gennady Zyuganov was guarded even before the news about Zadornov and Shokhin. ''We declared that we will carry out a policy of electoral support for the government if it is capable of carrying out a qualitatively different course,'' he told reporters. Otherwise, he said the party would back a countrywide labor protest on October 7, a date assuming growing significance in the political calendar. Interior Minister Sergei Stepashin met union leaders Friday to discuss their plans. Primakov has vowed to put together a consensus cabinet to reflect the disparate strands of opinion on how to tackle Russia's economic crisis. He has promised not to ditch reforms but to ease the burden on Russia's long-suffering people. dailynews.yahoo.com