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To: Robert Rose who wrote (75201)	8/23/1999 6:53:00 PM
From: GST	Respond to of 164684

Goldman bets on gold rise Source: Times Union (Albany, NY) NEW YORK -- [Goldman, Sachs & Co.] has amassed $124 million of gold bullion, saying it expects demand to improve in the months ahead. Goldman has taken control of half of the gold in New York Mercantile Exchange warehouses, according to the exchange records. Goldman described the transactions as normal business activity, though some traders speculate that a shortage may be developing. Goldman turned more positive on the gold market in late July amid expectations that reduced mine output will lead to higher prices. This week alone, gold has climbed almost 2 percent, the biggest one- week gain in 10 months. (Copyright 1999)