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

To: Mark Bartlett who wrote (32897)	4/30/1999 8:02:00 AM
From: lorne	Read Replies (1) \| Respond to of 116762

Johannesburg--Apr 30--The malaise in the gold price has little to do with talk of gold sales by the International Monetary Fund (IMF) or Switzerland, according to South Africa's Anglogold Ltd., the world's largest gold producer. Anglogold blames the banking and investment sector, "which seems to ignore any and all good news on gold and which follows a policy of recommending selling on every improvement in the gold price, no matter how modest," the company said in a review of the gold market which accompanied its March quarterly results announced earlier today. By I-Net Bridge, Story .12433 London--Apr 29--India's demand for gold and silver is unlikely to change in the short to medium term, Kamal Naqvi, analyst at Macquarie Equities, said in a presentation at the London Bullion Market Association Spring Seminar today. "The gold and silver markets should continue to be supported by the underlay of Indian demand in coming years...However, the seemingly inevitable longer-term trend in both economics and culture is towards a more western-style approach and this has obvious implications for bullion demand," he argued. By Gavin Maguire, Bridge News, Story .13508 Johannesburg--Apr 30--South Africa's Anglogold Ltd., the world's largest gold producer, said today its hedge position increased by 8.7% to 12.9 million ounces, spread over 10 years. This is the equivalent to a year and 9 months' production, the company said, after producing 53.711 tonnes of gold during the 3 months ending Mar 31, 1999. By Tim Smart, I-Net Bridge, Story .12987 crbindex.com

To: Mark Bartlett who wrote (32897)	4/30/1999 10:00:00 AM
From: Alex	Read Replies (2) \| Respond to of 116762

4/30/99 - Hoard of 40 kilograms of precious metals found in N Russia. <Picture> MOSCOW, April 30 (Itar-Tass) - A 40-kilogram hoard of precious metals worth 2.7 million roubles (1.13 million dollars) has been found in the northern city beyond the Arctic Circle, a source in the Interior Ministry press service told Tass on Friday. Platinum, gold, silver, iridium, palladium, and rhodium were all hidden in the garage of a Dudinka businessman. Police suspect that the metals had been obtained illegally from the Norilsk mining and dressing complex.