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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

4:00 PM EST

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To: Hawkmoon who wrote (36119)	6/29/1999 1:54:00 PM
From: Claude Cormier	Read Replies (3) of 116847

Ron, Here are some numbers I just digged up. The Jewelry/Mine production deficit started in 1989. They exclude the communist world mine production and jewelry demand 1997. 1988 Jewelry demand: 1542 tons Mine Production: 1552 tons 1989 Jewelry demand: 1912 tons Mine Production: 1682 tons 1990 Jewelry demand: 2046 tons Mine Production: 1746 tons 1991 Jewelry demand: 2132 tons Mine Production: 1775 tons 1992 Jewelry demand: 2461 tons Mine Production: 1841 tons ... 1997 Jewelry demand: 2476 Mine Production: 2555 (In 1995-1997, gold production increase thanks in part to $380-$400 gold as well as inclusion of Russian production and other former communist countries in the numbers., and jewelry demand flatten due to higher gold prices and the start of the Asian crisis in 1997) 1999 (1stQ) Jewelry demand up 75% over 1stQ 98 according to the WGC. I don't have 1998-1999 numbers but I am think that the trend that started in 1989 is again on course. With lower mine production ahead and more people with money on this planet... the long term trend is clear.

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