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

To: Bobby Yellin who wrote (32533)	4/26/1999 9:24:00 AM
From: lorne	Respond to of 116762

Hi Bobby. I should have posted this with last post. It is the same guy speaking but different reporter. Gold tipped to bounce back theage.com.au

To: Bobby Yellin who wrote (32533)	4/26/1999 9:57:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116762

Morgy: What is the deal with TVX. What the CEO of Normandy was discussing will eventually lead to a bottoming in the gold market and then a recovery. As long as demand remains strong, the closing of mines and the collapse of exploration will eventually hit the below ground supply/production numbers. Unfortunately for the next year or so, major sources of production have/will come on line from the seniors thru acquisitions of world class properties that are nearing production. This will offset the impact of closing some of the less efficient mines. As the Swiss and IMF gold works its way thru the markets, the price will remain below 300.00 as long as the lease contracts continue to be rolled forward, and that 8000 tonnes of cb gold remains available to cover short positions and meet deficits in yearly demand. This scenario has a minimum of one to two years to run. Ken