- Date: Wed Aug 19 1998 23:41
Grizz (Welcome) ID#424394: - To the land of exiles!
- Date: Wed Aug 19 1998 21:56
farfel (Clinton's GOLDEN tie...) ID#17077: - Yes, he was sending a signal to Monica...but even more importantly, he is sending a ( subconscious ) signal to American investors.
Load up on GOLD. Now. Before it's too late.
Thanks.
F*
- Date: Wed Aug 19 1998 21:15
farfel (Russia and GOLD...Seller or BUYER?) ID#17077:
Copyright © 1998 farfel/Kitco Inc. All rights reserved - ----------------------------------------------
Russia uses precious metals to support rouble
MOSCOW, Aug 18 ( Reuters ) - Russia is using all instruments to support the rouble including its gold and other precious metals reserves, Deputy Chairman of the central bank Sergei Aleksashenko told Reuters on Tuesday.
When asked whether the central bank was going to use gold and other precious metals to support the national currency, Aleksashenko said:
``Gold is an instrument to support the rouble. We are using all the instruments available to us.''
He gave no further details.
-------------------------------------------------------------
Very ambiguous article, yes?
The thing that's most interesting about this preceding article is the extremely vague statement, the central bank is going to use gold and other precious metals to support the national currency.
Gold shorts would spin this article to the effect that Russia is selling/loaning its gold reserves, converting them to US Dollars, and supporting its currency via traditional currency operations.
But why would a country experiencing currency crisis necessarily attempt to save itself in a manner that effectively ensures its continued inferior role in the global American-inspired currency status quo?
Radical measures would make more sense.
So, Russia conceivably could sell US dollar holdings and purchase precious metals as a means of supporting its currency...PROVIDED Russia believes that gold ( NOT the US dollar ) will play a vital role in an imminent global currency reconfiguration.
For those doubters of such a Russian strategy, then reflect upon the recent huge Polish purchase of gold.
I think that the Polish gold purchase might represent a subtle hint of real Russian intentions vis a vis the metal.
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- Date: Wed Aug 19 1998 16:18
farfel (Battle Mountain Gold...) ID#17077:
Copyright © 1998 farfel/Kitco Inc. All rights reserved -
DENVER, Aug. 19 /PRNewswire/ -- ROYAL GOLD, INC. ( Nasdaq: RGLD ) today announced that it has entered into a joint venture with a subsidiary of Battle Mountain Gold Company ( NYSE: BMG ) . The venture will govern the parties' exploration and development of Battle Mountain's Black Mammoth project area, located near the town of Manhattan, in Nye County, Nevada.
The Black Mammoth project area consists of 33 contiguous unpatented mining claims, and one patented claim, lying about two miles due west of the town of Manhattan. Manhattan is about 60 miles north of Tonopah, Nevada.
Under the terms of the agreement, Royal Gold may earn a 50% interest in the Black Mammoth property by funding and managing $650,000 worth of exploration work at the property over a four-year period. Royal Gold's first-year work commitment is $150,000, and the Company has already completed plans for a 10,000-foot reverse circulation drilling
program that will be executed this summer.
Stanley Dempsey, Chairman and CEO of Royal Gold, said We are very pleased to be able to negotiate this joint venture with Battle Mountain. The Black Mammoth ground is highly prospective, and it adjoins two of the four blocks of ground over which we have secured control by virtue of our December 1997 agreement with New Concept Mining, Inc. ( New
Concept is a subsidiary of American Technologies Group Inc. ( OTC Bulletin Board: ATEC ) ) . This agreement with Battle Mountain gives us a chance to further consolidate our position in an historic and productive gold mining district, and also provides a number of additional highly prospective drilling targets. We will be drilling throughout the summer on the Black Mammoth ground, and on each of the other two blocks that Royal Gold controls as a result of the New Concept transaction, which adjoin Black Mammoth on the east and west, respectively.
Royal Gold is the largest U.S.-based, publicly held gold royalty company. It engages in the acquisition, exploration, and development of gold properties and the acquisition and management of royalty interests. Royal Gold holds a 20% net profits royalty interest at the South Pipeline Project ( Lander County, Nevada ) , holds a 1.75% net smelter returns interest on the Bald Mountain mine ( White Pine County, Nevada ) , holds three separate royalty interests at Buckhorn South, Lone Mountain and Carico Lake, all located in Nevada, has a development property in California, is exploring in the public mine areas on the Greek island of Milos and on other islands in the Cyclades chain, in the south Aegean Sea, is exploring Union Pacific Resources lands in Colorado and Wyoming, and has exploration projects in Nevada and Europe. The Company's
affiliate, Royal Gold Australia ( Perth, Australia ) , has initiated efforts to acquire existing gold royalties as well as invest in
junior Australian resource companies with emerging projects or advanced exploration plays. Royal Gold is traded on the NASDAQ National Market System under the symbol RGLD. The Company's web page is located at
www.royalgold.com.
Cautionary Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of
historical matters, the matters discussed in this press release are forward-looking statements that involve risks and
uncertainties that could cause actual events to differ materially from projections contained herein. Factors that could cause
actual results to differ materially include unanticipated grade, geological, metallurgical, processing, permitting, or other
problems, changes in project parameters as plans are refined, results of current or planned exploration activities, and
changes in the gold price, as well as other factors. Most of these factors are entirely beyond the Company's ability to
predict or control. The described risks are also discussed in greater detail in the Company's 10-K AND 10-Q reports that
have been filed with the sec. The Company disclaims any obligation to update any forward-looking statement made herein.
Readers are cautioned not to put undue reliance on forward-looking statements.
SOURCE Royal Gold, Inc.
CONTACT: Stanley Dempsey, Chairman & CEO, or Karen Gross, Vice President & Corporate Secretary, both of Royal
Gold, Inc., 303-573-1660
- Date: Wed Aug 19 1998 15:15
farfel (Russia will use gold to support currency...selling or BUYING?) ID#17077:
Copyright © 1998 farfel/Kitco Inc. All rights reserved - ----------------------------------------------
Russia uses precious metals to support rouble
MOSCOW, Aug 18 ( Reuters ) - Russia is using all instruments to support
the rouble including its gold and other precious metals reserves, Deputy
Chairman of the central bank Sergei Aleksashenko told Reuters on
Tuesday.
When asked whether the central bank was going to use gold and other
precious metals to support the national currency, Aleksashenko said:
``Gold is an instrument to support the rouble. We are using all the
instruments available to us.''
He gave no further details.
-------------------------------------------------------------
Very ambiguous article, yes?
The thing that's most interesting about this preceding article is the extremely vague statement, the central bank is going to use gold and other precious metals to support the national currency.
Gold shorts would spin this article to the effect that Russia is selling its gold reserves, converting them to US Dollars, and supporting its currency via traditional currency operations.
But why would a country experiencing currency crisis necessarily attempt to save itself in a manner that effectively ensures its continued inferior role in the global American-inspired currency status quo?
Radical measures would make more sense.
So, Russia conceivably could sell US dollar holdings and purchase precious metals as a means of supporting its currency...PROVIDED Russia believes that gold ( NOT the US dollar ) will play a vital role in an imminent global currency reconfiguration.
For those doubters of such a Russian strategy, then reflect upon the recent huge Polish purchase of gold.
I think that the Polish gold purchase might represent a subtle hint of real Russian intentions vis a vis the metal.
---------------------------------------------------------------------
- Date: Wed Aug 19 1998 14:04
nuggets__A (Fumpy is Back!) ID#221101: - Hello.
- Date: Wed Aug 19 1998 13:10
the moon (hi) ID#374242: - hi
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