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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (36380)	7/2/1999 8:32:00 PM
From: lorne	Read Replies (2) \| Respond to of 116915

European gold flat near $263.00, awaiting U.S. Friday July 2, 11:12 AM "The problem for the bank is if it has a number of bids around the current spot but not enough for 25-tonnes worth. Is it going to come out and say that the first tender was under-subscribed or will it go lower to fill whatever?" Full story >>> yahoo.co.uk

To: lorne who wrote (36380)	7/3/1999 10:05:00 AM
From: long-gone	Respond to of 116915

<<" In a recent industry report, analysts at Salomon Smith Barney, including John Hill, gave a strong argument on behalf of gold. They note the bullish implications of the current supply/demand picture and forecast a record 1,000 metric ton deficit in 1999. In addition, the Salomon team sees 'pervasive negative sentiment' and looks for prices to surpass $300 an ounce before the end of 1999.">> OK, I've been watching these "targets". I watched E'bay, AOL, caught just the barest touch of TXN, by my count around 75& of the targets are hit. After the targets are hit most run above it by 10-30% and do it in a very short time! E'Bay targeted out in 3 days when the call was made for 8 months. TXN in only 2 months made what ws called for in 18 months. IBM & AOL the same, except new targets were set and made. "Surpass $300" could mean $330. If whe cleanly break $330 - What then?