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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: FawnVu who wrote (5923)	10/11/1998 12:47:00 AM
From: Mike Roberts	Read Replies (2) \| Respond to of 119973

Fawn, could you post a link? From usagold.com and WGC... Gold had been steady overnight with London dealer for the most part citing the currency markets as the place to look for direction on gold. They also cited "short-covering drying-up." Gold's $30 rise since August has been the result of short covering and rising investor demand, say some experts. Said one dealer, "With such a huge move, one would expect far bigger moves on gold, so it looks like the direct link we had in July/August is far weaker between gold and the yen." Interestingly, the report goes on to say that Japanese investors are on "buying spree" for gold with "wealthy investors buying in bulk." World Gold Council estimates that Japanese gold demand jumped five-fold over the past month. This is the first report we have seen of strong public buying in Japan for some time. Also, in America... Sales of US Eagle gold bullion coins jumped sharply in August to 255,000 ounces (7.9 tonnes), compared with 107,500 ounces (3.3 tonnes) in July and 43,000 ounces (1.3 tonnes) in August 1997. It is reported that historically low US dollar gold prices, coupled with turbulent global equity and currency markets, prompted investors to buy bullion coins as safe-haven investments.