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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (13025)	6/9/2006 5:03:49 PM
From: LoneClone	Read Replies (1) of 78419

Deutsche Bank Firmly In The Gold Bull Camp FN Arena News - June 09 2006 By Rudi Filapek-Vandyck The latest update on market statistics and forecasts by Deutsche Bank reaffirms the bank's bullish outlook for gold. Deutsche Bank is forecasting an average spot gold price of US$582/oz for the current calendar year. The figure for 2007 is US$660/oz, for 2008 it is US$750/oz. Interestingly, the bank is also at the top end of current market expectations for GDP growth in the US, predicting a growth figure of 3.8% for the current year, expected to fall moderately to 3.5% for both 2007 and 2008. In line with the bank's gold price forecasts, the euro is expected to strengthen further against the US dollar with Deutsche Bank forecasting EUR/USD averages of 1.206 for this year, 1.32 for next year and 1.375 for 2008. The USD/JPY cross is expected to steadily weaken to 113 in 2006, to 96 in 2007 and to 88 in 2008. As far as the Australian dollar goes, Deutsche Bank sees the currency moving little between now and 2008, predicting year averages against the US dollar of 0.708, 0.709 and 0.75 for the 2006-2008 period. Zinc is the sole industrial metal which is currently predicted to post a higher average spot price in 2007 than this year: US127.50c/lb versus US126.80c/lb. LINK: fnarena.com

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