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

To: goldsheet who wrote (95524)	6/28/2003 10:35:02 AM
From: Real Man	Read Replies (1) \| Respond to of 116764

Bob, that's true, but gfms.co.uk gold investment demand last year was 417 mt, a 150% increase from 172 mt in 2001. This is considerable, even on the scale of de-hedging, although still less. I believe it was in the ballpark of 600mt. This is what produced the gold rally, even as jewelry demand declined 12%. I think the assumption that gold investment demand won't grow may not be correct, given the plans of the governments (Japanese, primarily, and now US) to introduce negative interest rates via strips on the currency which would cause the currency to lose value with time. Investment, not jewelry, demand drives gold bull markets during bad economic times. Of course, should the assumption that investment demand won't pick up be proven correct by the markets, gold price will drop. Certainly, the gold market is tiny - even 4,000 mt is worth about $45 billion dollars. Basically, if even a tiny demand appears, it will push the gold price upward very strongly

To: goldsheet who wrote (95524)	6/30/2003 6:13:53 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 116764

HI Bob, Glad to see you've still alive! I don't even have GPM bookmarked anymore but I have you peoplemarked!<g> Hope life is treating you better than me.... <<demand will extend base metals to much higher levels>> What do you think of the likes of NGX or WRM here for base metals? <<gold investors should just be happy gold is back to around $350 instead of always wishing for higher prices immediately>> Yes, we can be greedy at times always wanting bigger and bigger capital gains. I would settle for just a steady income.... <<and have some fun with juniors (someone is going to make lots of $$ when infrastruture is deployed in Nanavut)>> Hummm....CBD, CBR and maybe MAE? I have two of the three<g> Keep your head down. Wayne

To: goldsheet who wrote (95524)	6/30/2003 7:38:01 AM
From: d:oug	Read Replies (1) \| Respond to of 116764

Barrick Gold Files $1 Billion Debt Securities Shelf . Date: 6/28/03 From: LePatron@LeMetropoleCafe.com To: SiDougak@abool.com . The following was announced by Barrick Gold early Friday evening on a summer weekend. Obviously, this anti-gold outfit released this statement at a time that would attract the least amount of attention and investor scrutiny. Therefore, I felt compelled to do the opposite and get the news out there. . Does Barrick have cash flow problems? . Are we coming closer to learning the real reason former CEO Randall Oliphant was unceremoniously fired? . Whatever the reason, this news should be not be taken well by Wall Street. Pile this news on top of the Blanchard and class action lawsuits against Barrick. . As the year goes on, the Barrick share price is going to fall further and further behind the unhedged gold companies. It's poetic justice for an arrogant company that has done so much to hurt so many in the gold industry all over the world. . Barrick Gold Files $1 Billion Debt Securities Shelf Friday June 27, 6:52 pm ET WASHINGTON (Dow Jones)--Barrick Gold Corp. filed... . PS If Barrick had the brains they have always claimed they have, they would take the money and cover their hedges at the speed which Newmont is dumping their Australian ones acquired in the acquisition of Normandy. . A couple of years ago, the share prices of Barrick and Newmont were the same. Today, the share price of Newmont has gone to a $15 premium to Barrick. . All the best, Bill Murphy (MIDAS) Le Patron, LeMetropoleCafe.com