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

To: lorne who wrote (71550)	6/12/2001 8:02:05 AM
From: lorne	Read Replies (2) \| Respond to of 116779

Merrill Lynch hikes gold trading range forecast to $260-295/oz Jun. 11-MAR-- New York, June 11 (BridgeNews) - Merrill Lynch has raised its forecasted near-term trading range for gold to $260-295 an ounce from $250-290, saying that recent developments might allow for a slightly higher trading range. Merrill Lynch said it is even more confident that the September 1999 low at $252 will not be violated this year. * * * Bill O'Neill, director of futures research for Merrill Lynch, cautioned that he was not forecasting any major shifts to prosperity for gold bugs. Full story >>> futuresource.com

To: lorne who wrote (71550)	6/12/2001 11:44:03 AM
From: marek_wojna	Read Replies (3) \| Respond to of 116779

<<Gold Leasing/Hedging/Forward sales.>> What strikes me reading this kind of articles is that thousands of miners around the world lost their jobs not because of market condition, lack of demand, but strictly due to the arrogance of governments, corrupt companies like Barrick, Anglo, gurus of "new" economy. Many of those jobs were lost in countries where no other jobs around exist. Add the investors who lost money and the picture is getting ugly.