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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

Nov 6 4:00 PM EST

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To: Bobby Yellin who wrote (214)	7/6/1997 12:40:00 AM
From: John Barendrecht	of 116752

From the Gold Institute: University of Nevada Economics Professor John L. Dobra recently completed the latest in a biennial series of studies of the U.S. gold industry. Titled U.S. Gold Industry 1996, Dr. Dobra's work examines a number of trends that will have a dramatic impact upon the industry worldwide and on specific areas in this country where significant development projects are under way. Chief among the trends noted in the study are the following: Worldwide demand for gold is at an historic high--currently 44% above total annual production. Jobs creation increased by more than 25% over 1994 numbers. During 1995 and 1996, gold production and development activities provided over 110,900 U.S. jobs. Nearly 21,000 jobs were in states across the country that supply equipment and services to the gold mining industry, including approximately 6,000 jobs in Illinois alone, where two major heavy equipment manufacturers are located. Just over $2.4 billion accrued to households in gold producing states in the form of individual earnings.

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