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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%Nov 18 4:00 PM EST
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To: Alex who wrote (70535)5/28/2001 11:26:32 AM
From: goldsnow  Read Replies (1) of 116762
 
As one would expect gold production has not fallen quickly enough to help the gold price, although the supply deficit has been all too quickly bridged by producer hedging and official gold sales. But AME reckons a stasis in gold production has been reached for 2000 to 2003; thereafter, "global mined production will fall in 2004 and 2005 as mine closures outweigh the development of new projects," AME says.

m1.mny.co.za
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