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To: Keith Monahan who wrote (47221)1/18/2000 8:09:00 AM
From: lorne  Respond to of 116796
 
Deutsche sees less gold from official sector and hedges in 2000
London--Jan 17--Deutsche Bank analysts expect physical gold supplies from
official sector sales, scrap and net supplies and from hedging and disinvestment
to fall to 1,152 tonnes in 2000 compared with 1,579 tonnes in 1998. In its
latest commodities update, Deutsche raised its forecast average spot gold price
for 2000 to US $290.00 per ounce compared with a forecast $280.00 a month ago.
(Story .16500)

Demand seen boosting average spot gold price to $340/oz in 2001
London--Jan 17--Fundamental demand is seen boosting spot gold to an average
US $320.00 per ounce in 2000 and $340.00 in 2001, according to analysts at T.
Hoare Canaccord in London. Platinum is forecast to average $400.00 per ounce in
each of the two years and palladium $350.00. (Story .14539)
crbindex.com



To: Keith Monahan who wrote (47221)1/18/2000 10:01:00 AM
From: Ken Benes  Read Replies (3) | Respond to of 116796
 
Small rally in gold continues, ABX struggles over 17. Sell this dog into any rally. Remember, abx stands ready to sell forward into a rising gold price, which can take the legs out of any sustained move in gold. The only thing that can change barricks position on adding artificial supply to the market is an eroding share price. Sell barrick until they hang up when the bankers call and when they begin to contemplate covering some of their hedges.

Ken


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