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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (3920)4/4/2003 9:27:29 AM
From: 4figureau  Read Replies (1) of 5423
 
Spot, Tocom Gold May Be Ready To Bottom
Contact Us: Sydney 61-2-8235-2950; djnews.sydney@dowjones.com

1556 [Dow Jones] Tokyo-based trader says Tocom gold futures likely to bottom around Y1,240/gram soon, as this is roughly the price just before investors started building up "war premium" positions last November; benchmark February contract now down Y3/gram at Y1,245/gram. Also expects spot price - now quoted at $323.50/oz - to bottom at $320; "there are really no more profits to be had by selling at this level." (JSH)

sg.biz.yahoo.com
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