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To: ild who wrote (212949)	1/8/2003 9:10:11 AM
From: ild	Read Replies (3) \| Respond to of 436258

08:00 ET CIBC downgrades Gold stocks GFI and AU to Underperform : CIBC World Mkts downgrades AngloGold (AU) and Gold Fields (GFI) to SECTOR UNDPERFORM from Sector Perform due to 18% appreciation in the rand over the past 3 months, which has caused costs to rise faster than bullion movements. 08:13 ET CIBC comments on Gold sector : CIBC World Mkts maintains its 2003 gold price target of $350/oz, while introducing a 2004 target of $375/oz. Firm is raising price targets on top picks GLG (to $18 from $14) and NEM to $44.50 from $41); notes that rising gold prices favor senior producers disproportionately.