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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: goldsheet who wrote (48791)	2/10/2000 11:12:00 PM
From: baystock	Read Replies (2) of 116779

If I am not mistaken, you've been harping about all the new LOW COST gold supply coming on stream. So is Deutsche Bank wrong again (they were wrong with their forecasts on the gold price) ? Deutsche Bank sketches optimistic scenario for gold Cape Town--Feb 10--Deutsche Bank has sketched an optimistic scenario for the gold price, noting that output from most new projects would simply offset declines in existing production, which was set to fall after 2002. Speaking at the Investing in African Mining Conference, Don Maclean, a mining and metals analyst with Deutsche Bank in Toronto, said a gold price of US $350 per ounce was required for most new gold projects to become feasible. ( Story .16030 )

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