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Gold/Mining/Energy : Gold Price Monitor

GDXJ 142.13

+5.5%

4:00 PM EST

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To: Alex who wrote (57664)	9/2/2000 11:48:12 AM
From: goldsnow	Read Replies (1) of 116898

Pushing nickel They appear to be playing the same game with nickel, pushing prices relentlessly higher. Some analysts are expecting nickel prices to rise an eye-watering 60% this year. That will be a painful experience for a wide swathe of industries, from cars through to shipbuilding, defence and beyond. Nickel is vital in making stainless steel. What appears to be happening is that raw material producers like Russia and some of the oil producers in developing countries, are making a quiet but concerted effort to have a bigger share of the wealth which seems constantly to be radiating from the huge US economy. news.bbc.co.uk

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