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Gold/Mining/Energy : JAB International (JABI)
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To: Roebear who wrote (1201)11/14/1997 8:02:00 PM
From: Milk  Read Replies (2) of 4571
 
Price of Gold.
In today's discussion on CNN, Jim Steel, a commodities trader (does anyone know this guy? -M.) said he felt POG would stabilize at $290-295 level short-term. That would force some mining companies out of business early next year, especially in Africa and Australia since their production costs are higher. His outlook on gold overall was positive.

Less competition for BCMD if they achieve low production costs as predicted!
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