Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

well, i don't have my own gold model, so i have to rely on the kindness of strangers. again, from that previously referenced thestreet.com article:

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"From 1989 to the present, each 1% shift in the spot price of gold has meant a 1.9% shift in the S&P 500 gold index," said David Kerans, an analyst at Argus Research.

Kerans said he is expecting gold to climb to about $380 an ounce by the end of the year, partly because he feels the supply of gold will be constrained going forward. He is looking for gold production to decrease by 3% per year until at least 2007.

"There's not enough money being spent on exploration to maintain current production levels in the longer term," agreed Geoff Stanley, an analyst at BMO Nesbitt Burns.