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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Handshake™ who wrote (9136)	2/12/1999 7:17:00 PM
From: Walter Brownlee	Read Replies (3) \| Respond to of 25548

Shake: read the last yahoo post,any validity to it....http://messages.yahoo.com/?action=q&board=DAY

To: Handshake™ who wrote (9136)	2/17/1999 9:55:00 AM
From: DR. MEADE	Read Replies (1) \| Respond to of 25548

RB ******* Strongest Quarter Ever for Gold Demand NEW YORK--(BUSINESS WIRE)--Feb. 17, 1999--Gold demand in the fourth quarter of 1998 continued to recover from the poor start to the year, reaching the highest level ever recorded for any three-month period. Fourth quarter demand in the countries monitored by the World Gold Council was 807 tonnes, 6% above the fourth quarter of 1997 and just ahead of the previous record for any quarter, set in the opening three months of the same year. The massive dishoarding in Asia that marred the demand statistics for the first quarter meant that demand for 1998 as a whole at 2,712 tonnes was 11% below the annual record set in 1997. The fourth quarter record was the result of strong demand in the USA, Europe, Brazil and Mexico and a steady performance in the Middle East, which more than offset the continued impact of the economic and currency crisis in several Asian countries. These are the main findings of the latest issue of the World Gold Council's quarterly survey Gold Demand Trends, published today. Commenting on the findings, George Milling-Stanley, Manager of Gold Market Analysis, said: ''The best way to characterise 1998 as a whole is as a year of recovery. The economic and currency crisis in Asia prompted substantial dishoarding in the early part of the year, and blew a hole in the demand statistics. Looking at the year quarter by quarter: after three months, gold consumption was running 40% behind the 1997 level; after six months, the decline was 24%, and after nine months demand was still running 17% below that for the same period of 1997. The shortfall of just 11% for the full year represents a significant recovery after a poor start. ''The story of 1998 was of a growing appreciation of the role of gold as a monetary asset. There were continued strong gains in the demand for gold as an investment. In the USA, Y2K fears and concern about a possible correction in the stock market drove coin purchases to an all-time record; in Japan, the ''Big Bang'' financial reforms triggered a renewed interest in gold's value in portfolio diversification; while in the countries worst hit by the Asian crisis, investment demand in the fourth quarter was already back up to pre-crisis levels. All over the world, investors are looking for ways to preserve their wealth, and increasingly those investors are starting to turn to gold. This growth in investment demand became increasingly apparent throughout the year.'' Highlights of the fourth quarter and full year 1998 include: In the developing markets, demand in India set a record for the fourth year in succession, while the Middle East, Brazil and Mexico all made good progress. This was offset by continued weakness in Asia, although most countries in the region showed a useful recovery during the year. Overall demand in the developing markets was 19% below the record set in 1997. In the developed markets, demand for the year as a whole was at record levels in the USA, France and the UK. There were strong performances from both jewellery and investment. Overall demand in the developed markets was 11% above 1997. The World Gold Council is an international organisation formed and funded by leading gold mining companies from around the world to increase the demand for gold. In this latest edition of Gold Demand Trends, the Council has added coverage of Pakistan and Egypt, extending the total to 27 countries which account for 80% of global gold demand. This statement was issued by Marston Webb International on behalf of the World Gold Council. If you have difficulty in receiving it, please call Victor Webb at (212) 684-6601. Gold Demand Trends No. 26 will also be available from the day of publication on the Council's website (www.gold.org). ------------------------------------------------------------------------ -------- BoardMark MemberMarkIgnore Poster MDIN Update Last 11/32 Chg.+ 1/64 %+ 3.98% Vol.1,245,100 Time09:34Detailed \| Real-Time