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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: ELP who wrote (38415)	8/5/1999 8:41:00 PM
From: long-gone	Read Replies (1) of 116779

Of course, there is no way to verify the overall short position, and one can only estimate consumption based on history. The overall mine production in years is also somewhat variable. PRESS RELEASE - 20 May 1999 (not before 3 pm London time) Recovery in gold demand continues Gold demand in the first quarter of 1999 was 62% above the opening three months of last year, continuing the recovery from the poor start to 1998. First quarter demand in the countries monitored by the World Gold Council was 788 tonnes, just a fraction lower than the record for the first quarter set in 1997, and just 2% below the all-time record for any three-month period set during the fourth quarter of last year.(cont) gold.org (note, demand is, in the norm, far heavier in the 2nd half of the year) Hope this helps

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