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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (6649)1/22/2002 2:43:06 PM
From: isopatch  Read Replies (2) | Respond to of 36161
 
Paul. Looks like the lines are now drawn.

Goldman Sachs with the old carry trade and government fiat money/socialist manipulators on one side vs NEM and the unhedged producers on the other.

The next couple of years should be pretty exciting as the battle between these two groups heats up. Don't know if this has been posted or not. But here's a shot across the bow of the manipulators from the NEM CEO:

biz.yahoo.com

<Friday January 18, 2:21 pm Eastern Time

Newmont chief sees gold rising by $25-$50 an ounce

TORONTO, Jan 18 (Reuters) - Gold has turned the corner from historic lows and is now expected to rise $25 to $50 an ounce from current levels, the president-designate of Newmont Mining Corp (NYSE:NEM - news) said on Friday.

Pierre Lassonde also told Reuters he saw the gold price at around $350 an ounce in the next three years. Gold was trading at $283.30 an ounce on Friday.>

FWIW, that looks way too conservative for a 3 year target. But it's a start.<g>

Iso