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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Ahda who wrote (40255)	9/14/1999 12:43:00 PM
From: Alex	Read Replies (1) of 116762

There's no silver lining for gold London-based commodity research group Gold Fields Mineral Services has forecast no short-term respite for gold producers, predicting the price will continue to weaken over the rest of the year. Gold Fields said the downward bias in the gold price stemmed from the continued "propensity" of those holding gold reserves (both above and below ground) to supply the market at ever lower prices. "The world's central banks are expected to increase their net sales of gold and to provide enough liquidity to fund continued growth in producer hedging and probably speculative short selling (even though leasing rates should remain above first half averages)," it said. smh.com.au

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