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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (36988)	8/4/2003 11:14:14 AM
From: BubbaFred	Read Replies (1) of 74559

"Newmont Predicts Gold Will Reach $450/Oz On Weaker US Dollar" biz.yahoo.com Next gold price anyone's guess at mine conference biz.yahoo.com "We expect the gold price to be around $350 an ounce for some time," Peter Tomsett, managing director of Placer Dome Asia Pacific, owned by world number five gold miner Placer Dome Inc (Toronto:PDG.TO - News) said. John Munro, vice president of international operations of the fourth largest producer, Gold Fields Ltd (GFMJ.J), would say only that gold "was on an upward channel." Eagle mining analyst Keith Goode thinks heavy rains in India would ensure healthy farm crops, giving Indians, big gold consumers anyway, more money to buy the metal as the traditional wedding season approaches, thus paring the world's coffers. "I think it could reach $400 (an ounce) by September," Goode said.

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