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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?


To: Furry Otter who wrote (8304)5/14/1999 10:22:00 AM
From: Paunch  Read Replies (2) | Respond to of 11603
 
Furry,
They raised the ask to .32 first thing this morning and now no buys, do you think everyone is waiting to see what is announced at the AGM today.
Paunch



To: Furry Otter who wrote (8304)5/14/1999 10:30:00 AM
From: Alan Vennix  Respond to of 11603
 
<<Seen the April CPI? Wow. Think it'll lift gold prices? >>

Not yet. So far they appear to be down about another $1 today to $277. I think inflation fears aren't enough to affect gold that much anymore - bank announcements have much more effect. Inflation concerns here are relatively minor - eg, whether fed will raise rates a quarter point or so, but still very mild "inflation". May be enough to move investors from the lofty Dow to the bond market but not much more IMHO.

Alan