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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Kaiser Soza who wrote (867)4/13/1998 5:08:00 PM
From: The Lone Ranger  Read Replies (1) of 1348
 
Hello Kaiser. Here's something more on Freeman's report:

"Despite the planned opening of some very large mines over the next four years, demand (based on a constant $6.00 an ounce price) will continue to grow fast enough to keep the shortage at around 100 million ounces per year," Felix Freeman, an analyst with Scotia Capital Markets in Toronto said in a report.

"Note that the deficit is almost equal to Indian demand, so in theory India could cease buying altogether and still leave the market in quite good shape."

"Extremely high price volatility will continue while inventories remain tight and funds dominate the market, which we expect to be for at least the next three years unless very high prices bring Indian dishoarding to flood the market," he said.
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