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

To: long-gone who wrote (46484)	12/31/1999 8:43:00 PM
From: Rarebird	Respond to of 116811

S&P Still Positive on Gold Stocks By Leo Larkin, S&P Equity Analyst NEW YORK, Dec. 31 (Standard & Poor's) - S&P remains bullish on shares of gold companies despite a possible drop in the metal's price early in 2000. We think a selloff is likely, assuming that the global impact of Y2K glitches is minimal, but market fundamentals are still intact. The CRB Index and Goldman Sacks Commodity Index are in uptrends, and the Producer and Consumer Price Indices have been rising since mid-1998. In addition, physical demand is strong and base metals are already in uptrends. Gold's is price set to finish 1999 virtually even with 1998. We continue to rank Homestake Mining (HM) (buy) and Barrick Gold (ABX), Battle Mountain Gold (BMG), Placer Dome (PDG), and Newmont Mining (NEM) (accumulate).