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

To: goldsnow who wrote (3093)11/12/1997 11:12:00 PM
From: John Barendrecht  Read Replies (2) | Respond to of 116820
 
'Global Gold Market Deficit Is 700 Tonnes Larger Than Consensus Estimates - Aggregate Short Position Too Large To Be Covered'
(Credit to Roebar on the Bottom now for gold thread)
biz.yahoo.com



To: goldsnow who wrote (3093)11/15/1997 10:26:00 AM
From: goldsnow  Read Replies (1) | Respond to of 116820
 
''It's sort of the second shoe to drop. We've had the mine closures now we've got to have the reserve writedowns.''

biz.yahoo.com

Again if gold were to stay at this level for 6-12 months, highly unlikely IMO, we should see unprecedented shortage of metal, and surely new goverment in Australia, and possibly unrest in South Africa. Not to :-( at anybody but with time horizon longer than 1 year
I cannot see gold where it was for the past 12 month.


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