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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: GOLDFINGER who wrote (4976)	12/31/1997 9:24:00 AM
From: goldsnow	Read Replies (3) of 116753

Wednesday December 31 7:36 AM EST Gold heads lower By United Press International The spot price of gold bullion is lower in light trading (Wednesday) in early European dealings. Analysts say the yellow metal remained pressured by a report from brokers at Merrill Lynch predicting the gold trend is set to continue for at least another two to three years while prices could see much greater volatility in 1998. The brokerage house said the yellow metal could hover between $250 and $350 in 1998. Meanwhile, silver fell on bouts of profit-taking following its gains over the last couple of weeks. Gold opened $1.25 an ounce lower in Zurich at $289.25 but opened 25 cents higher in London at $290.00. The London morning gold fixing was $289.20, off 55 cents from Tuesday's close. Silver opened 14 cents lower in Zurich at $6.05 an ounce and opened 17 cents lower in London at $6.02 an ounce. In earlier trading in Asia, gold closed at $289.95 on the Hong Kong Bullion Exchange, off $1.30 from Tuesday's close. _- Copyright 1997 by United Press International. All rights reserved. IMO, they know about gold in 1998 just as much as they know about price of AMAT... next year, that is nothing _-

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