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


To: lorne who wrote (77372)9/25/2001 12:39:22 PM
From: lorne  Read Replies (2) | Respond to of 116835
 
On topic. Andy Smith Of Mitsui Global Precious Metals Changes His Mind On Gold.
" Anyway Andy Smith of Mitsui Global Metals is no sinner, he was a bear of gold for a very long time and was very right to be so."
" He has now changed his mind and is not afraid to admit it . Not for him the mealy mouthed comment ascribed by the Wall Street Journal to David Baker, a director at Merrill Lynch Investment Managers gold and mining group. "Don't buy gold as a safe haven, because you might be disappointed," he was quoted as saying, "there are other reasons to buy gold." Maybe there is a subtle message here, but Andy Smith could not make himself clearer than when he predicted "a very large , probably delayed but possibly sustained rise in the gold price" in an investment note published at the end of last week."
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