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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.58

-0.3%

Jan 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (47444)	4/20/2000 12:56:00 PM
From: Mad2	Read Replies (1) of 99985

Haim, what you say is true. Negative is gold sales amounting to 2000 metric tonnes over the next 5 years by European Union countries (this is 10% of the worlds physical stores), I believe this works out to around 13-15 mil ozs per year, near the annual production (sorry I don't know consumption by mfgrs of jewlery). This is what has driven these stocks to their current levels. On a positive a strong recovery in Asia (incl India) will be bullish for gold as that part of the world (esp India loves gold). Additionally when I look at the worlds capability to pump oil (the life blood of the modern economic world, we could soon be up against the ceiling) I see inflation on the horizon should world economic growth continue, with little room for growth here in the old USA. Silver as h pointed out be even more interesting. Anyway, the downside appears limited IMO.....and I may be a bit eary. Best Regards, Mad2

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