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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: PAUL ROBERTSON who wrote (53631)	6/3/2000 1:13:00 PM
From: goldsheet	Read Replies (1) of 116872

> It will be interesting to see who is correct over the next few years. Your call, for a supply deficit to narrow to less than 100 tonnes per month and Frank Veneroso's call, for the supply deficit to widen to as much as 200 tonnes per month by the end of this year. Please correct me if i have stated you improperly. CORRECTION: You have stated me improperly. I never made a future forecast of the production/demand gap, but just reported historical factual data. I actually said "Conclusion: draw your own" in the original post ref: Message 13800555 The "gap" for 1999 was 1496mt, or 125mt/month. I noted the gap dropped from a record 1756mt in 1997 to 1496 in 1999 as production rose slightly (2472-to-2569) and demand decreased slightly (4228-to-4065). Production is going flat (topping) and demand is also getting flat (bottoming). IF you wanted me to make a forecast, so you could point out I was wrong in two years, I would stick with 1500mt, 125mt/month, no change.

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