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To: DebtBomb who wrote (168676)5/29/2002 8:37:07 AM
From: orkrious  Respond to of 436258
 
Here's another comment by Goldman today from RMpro
This is nothing like what briefing said. I wonder who's right? <g>

Goldman Sachs is raising the target prices of Freeport-McMoRan Copper & Gold (FCX:NYSE), Newmont Mining (NEM:NYSE), Barrick (ABX:NYSE), AngloGold (AU:NYSE) and Newcrest, reflecting the recent momentum of gold's price rise.

At the same time, Goldman maintains a market weight on the group. Drivers of higher gold prices would be sustained low interest rates, a further erosion in stock prices, and renewed global political and economic uncertainty. Conversely, an improving profit environment and higher stock prices would ensure a large drop in the price of the commodity. Additionally, central bank sales could dampen or negatively impact gold prices.