Alles Ashanti oder was? - 500 Beiträge pro Seite

[Basic]

USAGOLD (11/01/99; 08:31:54MDT - Msg ID:18029)
Today`s Gold Market Report
MARKET REPORT(11/1/99): Gold got hammered in the early trading on
news that Ashanti worked out a deal with its lenders giving them three
years of margin-free exposure to the gold market. In return, Ashanti
gave its gold lending counterparties the option to purchase 15% of the
company at $4.75 per share. By this, the bullion banks swapped a secure
collateralized position for equity in the corporation and presumably
removed the need for a merger partner............In related news, three
European gold mining companies have sent a letter to the Bank of England
asking it to publicly state its activities in the gold and gold
derivatives` market. The letter follows a statement in the Financial
Times on Thursday by Robert de Crespigny, chairman of Australian mining
giant, Normandy Mines that recent softness in the gold price should be
attributed to Bank of England "market manipulation designed to protect
option exposures." The letter was signed by Peter Hambro, president of
Mines D`Or de Salsigne, Chris von Christierson, chairman of Rio Narcea
Gold Mines, and John Morris, chief executive of Gold Mines of Sardinia.
Peter Hambro is from the British Hambro banking family. "In the name of
transparency it is time for the Bank of England publicly to state what
it is and has been doing in gold and its derivatives," the letter said.
":If this is `nothing` then the rumours will be silenced. If it is
`something`, we have a right to know what and why...If stories like
these concerned the manipulation of share prices, football odds or the
outcome of a horse race there would be hell to pay," the letter
concluded.............Today`s downside action was started in the
Australian market by New York based "fund sellling," according to
Reuters reports.....Also in this morning`s London Reuters, the return to
the $300 level last week was apparently fueled by buy-backs by Cambior
-- another mining company in hedge book trouble..............That`s it
for now, fellow goldmeisters. See you here tomorrow.

Please call 800-869-5115 (Ask for Mary Conway) if you have an
interest in receiving a trial subscription to our widely read
newsletter, News & Views: Forecasts, Commentary and Analysis on
the Economy and Precious Metals. Or you can go to our ORDER FORM
and submit your request by E-Mail. You will also receive our
introductory packet on investing in gold.

[Basic]

Ja ja,
Gedanken, Geld, Geduld und Glück.
Wenn der Goldpreis explodieren sollte, falls Ashanti pleite geht, muß es umgekehrt natürlich auch gehen. Leider etwas zu spät gedacht. Was bleibt ist Geduld.

[JSK]

The isle of Britain should weigh anchors and sail to their beloved America
to leave Europe at least for the rest of my days, fuck it