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

To: PaulM who wrote (33871)	5/14/1999 9:43:00 AM
From: donald martin	Respond to of 116790

<<And I see Gold is no longer an inflation hedge.>> Two years of poor prices doesn't negate the long-term value of gold as a hedge against inflation.

To: PaulM who wrote (33871)	5/14/1999 10:57:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116790

guess I should simply "buy the dip".

To: PaulM who wrote (33871)	5/14/1999 12:56:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 116790

Paul, yes it does seem that the gov't numbers are usually just what the market needs. in this case perhaps AG and company are happy about a high cpi # so they can do a "pre-emptive strike against inflation" cover story when in reality they want to prick the bubble even though they waited much too long IMO. Mike

To: PaulM who wrote (33871)	5/15/1999 4:18:00 AM
From: Alex	Read Replies (1) \| Respond to of 116790

5/14/99 - BRIDGE OVERNIGHT: PRECIOUS METALS: 16 hours of the latest news <Picture> May 14-MAR-- Johannesburg--May 14--Mining production in South Africa after seasonal adjustment for the first quarter of 1999 decreased by 4.0% compared with the fourth quarter of 1998, but was only 0.3% lower than the first quarter 1998. The seasonally adjusted value of mineral sales for the 3 months up to February 1999 increased by 2.5% (464.6 million rand) compared with the previous 3 months, and was a massive 15.4% higher than the first quarter 1998. By I-Net Bridge, Story .15759 Melbourne--May 14--Australia"s Centaur Mining & Exploration has taken advantage of 15-year lows in the Australian dollar-denominated gold price by restructuring its hedge book, realizing Aus $47.32 million, the company said today. By Bridge News, Story .12504 Bridge News welcomes your feedback. Please send comments to Internet address: metals@bridge.com Tel: (212) 372 7562 The Bridge ID for this story is XJKTFR End