To:Bill Jackson who wrote (461) From: long-gone Saturday, Jul 12, 1997 10:25 PM Respond to of 80072
Bill, Many will note a bond shortage coming soon. While many areas of the world have a real estate shortage,others are having a glut thus a hard way to get good returns if one were to buy into shortage areas at high valuations. Most of the stock markets of the world hold room for growth in but one sector(and as we know all to well) little more bad news can be thrown at the precious metals,most has to be out now. Demand for the metal as safety, jewerly,& electronics will return! Many know this & have been (somewhat)supporting the price of the mining stocks. many have not taken the % hit the metal has of late! stocks always turn prior to the metal. I think you are right! rh To:long-gone who wrote (482) From: Bill Jackson Saturday, Jul 12, 1997 11:01 PM Respond to of 80072
Many bargains in mining stock now. I think that we will see a fall in NYSE and NASDAQ, and this will make gold jump, and gold stocks will be seen as bargains by the funds and they will flow money at them again. By this fall we should have a good recovery, in the gold and mining areas. Bill
To:long-gone who wrote (482) From: stanley new Saturday, Jul 12, 1997 11:27 PM Respond to of 80072
Richard: Very interested in hearing more regarding your statement about "bond shortage coming soon." Certainly have been good to trade in last few days. ....sn
To:stanley new who wrote (484) From: John Barendrecht Sunday, Jul 13, 1997 1:10 AM Respond to of 80072
China gold output at 60 tonnes in Jan-June BEIJING, July 13 (Reuter) - China's gold output in the first half of this year reached 60.0 tonnes, up 18 percent from the same period last year, the China Business Weekly said on Sunday.
The northern province of Shandong ranked first in output, followed by Henan, Hebei and Shaanxi provinces, the newspaper said.
Gold output in the southeastern province of Fujian rose by 500 percent year-on-year in the period due to expanded production at the Zijinshan and Shuangqishan mines, it said.
However, production of gold in Henan, Heilongjiang and Jilin provinces dropped in the first half, it said.
The decline in output in Jilin and Helongjiang was due to exhausted resources after long-term exploration and a lack of new reserves, it said, but gave no reason for the fall in output in Henan, China's second-largest gold producer.
China has said it expects to produce 130 tonnes of gold this year, up from about 120 tonnes in 1996. That would probably allow it to overtake Russia, ranking it in fifth in the world, the newspaper said.
China has said it plans to raise annual gold output to 150 tonnes by the end of the century.
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