Taseko Mines Ltd. (TGB) Message Board

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Gold/Mining/Energy : Taseko Mines Ltd. (TGB)

TGB 7.595

-9.3%

Feb 5 3:59 PM EST

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To: Lightning who wrote (354)	4/22/1998 10:57:00 AM
From: Henry Volquardsen	Read Replies (1) of 572

FWIW the technical picture on the price of gold is looking much better. Also the supply demand picture at these levels is definitely in favor of gold as well. The depressant on gold the last few years has been central bank sales which has tipped the supply balance against POG. Once the Europeans have finished all the balance sheet adjustments as they prepare for the Euro, which is essentially already complete, the central bank sales should start to diminish. Hopefully gold will be able to return to the $350 to $400 equilibrium zone which will get the majors looking at acquisitions again.

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