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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (1076)	7/11/1998 12:51:00 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 1326

Winzer, Anyone trying to predict the POG during the past few yrs. has had to eat his words, or hat, or computer (sorry old joke). So I am not going to. All I will say that in 1997 there was a deficit in the net supply of gold of about 1600 T. There will probably be a similar deficit for 1998, which will probably rise to about 3000 T for 1999 and 2000. So roughly 10,000 T deficit over 1997-2001. Currently the deficit has been made up by CB selling, forward sales, CB leasing, and shorts. Past 2001 there will be very little left to sell - just plenty of paper will be floating around. Think what will happen to the POG then! If you want to follow the politics of gold, look up this thread: www4.techstocks.com As per Denison, I still believe in it. But heck, don't follw my advice, I believe or rather believed in WIM too. Good luck to you. Regards, Lalit Jain