Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Edmund Lee who wrote (44948)	11/13/1999 8:27:00 AM
From: Alex	Read Replies (2) \| Respond to of 116790

ECB will sell less than 400 t gold limit: CPM Platt's Metals Week, 8 Nov 1999, p 1, 5, Mining Journal, 5 Nov 1999, p 364 The CPM Group MD, Jeffrey Christian, says that European central banks will sell far less gold than their self-imposed limit of 400 t/y, and that only the UK and Switzerland are likely to sell gold in the near future. CPM's Gold Survey 1999 estimates total gold sales in 1999 by central banks worldwide at 7.4 million oz, down 49.3% from the 14.6 million oz sold in 1998. The total supply of newly refined gold for 1999 is estimated at 105.6 million oz, up 1.15% from 1998. Mine production will rise 2.7% in 1999 to 68.6 million oz and is projected to rise a further 3.1% to 70.7 million oz in 2000. Total fabrication demand for gold will fall 2.7% to 101.14 million oz in 1999, and gold demand for use in jewellery will fall to 92.76 million oz from 95.42 million oz in 1998. Investment demand for gold has been sporadic throughout 1999.