PRECIOUS METAL PRODUCERS

[NYBob]

Investors 'to pile into Gold' -
19/01/2007 07:18

Market recovery seen for Gold -
Johannesburg - GFMS, the metals consultancy, says investors
will drive gold through $670/oz in the first half of 2007
as they pile into the yellow metal.

"We should be seeing prices getting in the $670s in
the first half, although it is less certain we will see
the recent high of $725 surpassed,"
said chief executive, Paul Walker, in Toronto
at the release of the second update to the
consultancy's Gold Survey 2006 report.

Walker adds that the 25-year high achieved in the second
quarter last year could still be surpassed further into
the year, or possibly in 2008, "especially if the situation
in the Middle East deteriorates significantly, driving oil
prices higher".
End quote.

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