Forum Archive Index - May 2001

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[sharechat] OTR

From:	"Jonathan Kieft" <kiefty.kids@paradise.net.nz>
Date:	Thu, 17 May 2001 21:19:02 +1200

Anyone noticed the price of gold slowly creeping up?

I see Otter was up slightly here on reasonable volume but up 3 cents in Oz (very light volume). Is this the beginnings of a change?

Heard an interview on CNBC Asia recently where the CEO of a major gold mining firm thought gold would be US$300 by year end.

His reasons:

1. increased demand

2. hedging that had deflated the price over the past couple of years had dried up.

Would appreciate any views on investing in gold mining stocks, particularly struggling old Otter.

Jonathan

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