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: Enigma who wrote (23620)	11/30/1998 1:38:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 116762

<< Gold off over $4 today - yet no comments here >> Hi E, Not sure about everyone else, but I am kinda busy turning this prayer wheel. No reason I know of, except to get apples to fall, you have to shake the tree. :-)) John

To: Enigma who wrote (23620)	11/30/1998 1:42:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116762

Comes as no shock to me. . . . . . . . . . . . . . . . . . #reply-6580824

To: Enigma who wrote (23620)	11/30/1998 3:36:00 PM
From: Investor-ex!	Read Replies (3) \| Respond to of 116762

enigma, A system built upon debt is no friend to that which is not debt. Debt will attempt to destroy that which is not debt when debt finds itself being destroyed. Yet, debt cannot succeed in its destruction of that which is not debt, for it is the debt itself that is being destroyed and not that which is not debt. And debt WILL BE destroyed, as surely as a single pebble breaks the camel's back.

To: Enigma who wrote (23620)	11/30/1998 4:08:00 PM
From: Alex	Read Replies (3) \| Respond to of 116762

11/30/98 - Gold settles lower <Picture> The spot price of gold bullion settled lower (Monday) in moderate North American dealings on the Comex. Analysts say the yellow metal came under pressure from the Chinese government"s current clampdown on capital flight, which is slowing payments to overseas creditors and therefore disrupting trade, fuelling fears that the Asian economies are far from recovery. Traders added gold was also pressured by concerns of further bullion sales by the European Central Bank. On the metals markets, in late trading on New York"s Comex, a 100- troy-ounce gold futures contract for December delivery fell by $4 to $292.50. Republic Bank said the cash price for gold fell by $4 to $292. 60 an ounce. A 5,000-troy-ounce silver futures contract for December delivery declined by 7.6 cents to $4.825. Republic"s cash price declined by 7.5 cents to $4.845 an ounce. In Europe, Gold fell by $1.40 an ounce in Zurich to $294.85 and declined by $1 in London to $294.75. Silver eased by 5 cents an ounce in Zurich at $4.89 an ounce and fell by 5 cents in London to the same $4.89 an ounce. In Asia, gold eased by 20 cents an ounce to $296.05 in Hong Kong. _- Copyright 1998 by United Press International. All rights reserved. _-

To: Enigma who wrote (23620)	11/30/1998 5:57:00 PM
From: goldsnow	Respond to of 116762

Gold softer in late Europe on U.S. fund selling 11:38 a.m. Nov 30, 1998 Eastern LONDON, Nov 30 (Reuters) - Gold came under selling pressure from investment funds in late European trading on Monday as U.S. market participants returned from the Thanksgiving long weekend, dealers said. Gold was last quoted at $294.50/$295.00 a troy ounce, down from Friday's London close at $295.80/$296.30. Dealers said gold held steady in Europe before trading began in New York following the Thanksgiving break which saw U.S. markets closed on Thursday and Friday. But it dropped below the $295.00 support level after the New York opening on fund selling, dealers said. ''It was fund selling, people came back from their holidays and sold it...,'' one dealer said, adding that gold was likley to move higher after the funds had established their positions. Another dealer said gold's drop came as a surprise. ''There seemed to be quite a decent bit of selling going on... I was surprised as to why it came down so much, I thought gold would hold around the $295.50 area,'' the dealer said. But dealers noted that the dollar had strenghtened against the Japanese yen on Monday which might have further weakened bullion. The yen is regarded as an indicator of gold demand in Asia and was last quoted at 123 yen to the dollar. In fundamental news, Canadian gold miner Placer Dome Inc (PDG.TO) and South Africa's Western Areas Ltd (WNAJ.J) announced a joint venture on Monday which represented the largest foreign investment in South Africa's mining industry. Placer Dome, Canada's second biggest gold producer, will pay $235 million in cash for a 50 percent stake in the Western Areas mine and South Deep deposit, which have combined reserves of 59 million ounces. Silver slipped lower after trading began in New York and dealers said it was following gold lower. Silver was last quoted at $4.88/$4.91 against the previous London close at $4.93/$4.96. Platinum and palladium were quiet with platinum last quoted at $353.00/$355.00 from the previous close at $350.00/$352.00. Palladium was last indicated $2 lower at $270.00/$275.00. ((Marius Bosch, London Newsroom, +44 171 542 8065, fax +44 171 542 8077. london.commodities.desk+reuters.com)) Copyright 1998 Reuters Limited