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

To: Bruce Robbins who wrote (95522)	6/28/2003 12:02:47 AM
From: goldsheet	Read Replies (3) \| Respond to of 116764

I think the key will be worldwide economy recovery which will get jewelry demand back to historical levels, a 1000mt increase dwarfing any increases in traditional investment demand. Chinese demand will be VERY important, but will probably get categorized as jewelry instead of investment due to the form it is purchased. I'm really watching base metals as a leading indicator and think Chinese copper and nickel (for steel) demand will extend base metals to much higher levels. As previously stated, I don't think precious metals will join the party until later (keeping under $400 until 2005, then moving to $750 by 2007) Meanwhile, gold investors should just be happy gold is back to around $350 instead of always wishing for higher prices immediately. I'd like to give the gold industry a chance to generate some good cash flow for the next few years to get mothballed development projects online (from the 93-96 OVERspending on exploration) Maybe then we can have some good old fashioned greenfield exploration, area plays, and have some fun with juniors (someone is going to make lots of $$ when infrastruture is deployed in Nanavut)