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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 12 9:30 AM EST

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To: Mike Gold who wrote (17909)8/11/1999 8:41:00 AM
From: Richard S. Gates  Read Replies (2) of 25548
 
TO THE THREAD:

COMEX GOLD.... Sep @ 259.10, Dec @ 261.50


From what I hear, there is a deficit in gold presently, that is, demand outstrips supply. The down pressure on the gold price is largely due to the announcements and impending sales of gold by some central banks. When this is accomplished, or should the plans be altered so that less gold is sold, we will still be left with a deficit in gold production. This bodes well for the future price of gold and may well enter into the present negotiations by Les with the Majors involved.

The Gipper
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