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

To: fishweed who wrote (34772)	6/2/1999 7:30:00 AM
From: lorne	Respond to of 116764

New York--Jun 1--COMEX Aug gold futures settled down $2.5 at $269.5 after hitting a fresh contract low of $267.0 on Australian producer hedge selling overnight. Gold also hit a fresh 20-year low on nearby continuous monthly charts. Jly silver traded in the opposite direction today, settling up 9.0c at $4.985 on bank and fund buying. Silver got a boost today from a newswire report indicating that Mexican producer Penoles plans to cut its silver and lead exports by 10% this year from 1998 levels, traders said. By Darcy Keith, Bridge News, Story .2333 Hong Kong--June 2--China's gold consumption is expected to rise after the People's Bank of China, the central bank, cut purchase and sales prices of the metal last week, the official China Daily reported today. PBOC cut the purchasing price of gold by 7.4% per gram last week, it said. The paper did not provide current purchase and sales prices of gold. Bridge News, Story .10553 crbindex.com

To: fishweed who wrote (34772)	6/2/1999 12:14:00 PM
From: William Peavey	Respond to of 116764

Fishweed, <We cannot run a trade deficit forever.> Well it seems like it to me. Our trade deficit was first brought to my attention in a class called Problems of Democracy, a social studies class I had to take as a high school senior in 1960-61. I remember our teacher saying that this "could not go on." But it seems as if it has. We goldbugs know that it should cause our economy to self-destruct, but if that destruction does not happen shortly after 1-1-2000, I fear it won't happen in my lifetime. Bill