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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

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To: lorne who wrote (71550)	6/12/2001 8:02:05 AM
From: lorne	Read Replies (2) of 116790

Merrill Lynch hikes gold trading range forecast to $260-295/oz Jun. 11-MAR-- New York, June 11 (BridgeNews) - Merrill Lynch has raised its forecasted near-term trading range for gold to $260-295 an ounce from $250-290, saying that recent developments might allow for a slightly higher trading range. Merrill Lynch said it is even more confident that the September 1999 low at $252 will not be violated this year. * * * Bill O'Neill, director of futures research for Merrill Lynch, cautioned that he was not forecasting any major shifts to prosperity for gold bugs. Full story >>> futuresource.com

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