Mercator Gold - another 10X bagger in the making ?

Wall Street metals - Gold pulls metals higher in early trade

NEW YORK (AFX) - Gold futures rose early Tuesday, pulling the broader metals
sector higher, amid forecasts of continued strong physical demand from China,
India and the Middle East.
Gold for February delivery was last trading up $4.40 at $509.60 an ounce.
The metal had pulled back to as low as $492.30 last week as traders locked in
gains ahead of the year-end.
Sentiment toward the metal has remained bullish, however, with most analysts
expecting gold to remain at current levels this week and head higher in 2006.
The World Gold Council said demand for gold has been growing for almost two
years, underpinned by demand from China, India and the Middle East, according to
Action Economics.
"Gold prices are likely to remain underpinned over the medium-to-longer
term," said the research firm. Gold analysts continue to forecast strong
jewellery demand, notably in China, while gold is expected to become more and
more attractive as an investment tool.
On the supply side, copper inventories were unchanged at 6,404 short tons
late Friday, according to Nymex.
Gold stocks were also unchanged at 7.18 million troy ounces, while silver
supplies were unchanged at 119.9 million troy ounces.
Silver futures were last trading up 9.50 cents at $8.74 an ounce. Platinum
was up $6.70 at $972 an ounce and palladium rose $4.70 to $262.25 an ounce.
Copper was last up 2.65 cents to $2.066 a pound.

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