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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST
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To: long-gone who wrote (43989)10/26/1999 10:01:00 PM
From: Zardoz  Read Replies (1) of 116770
 
We aint talking Kansas here richard.

Jewelers in India, East Asia and China -- who account for about 40 percent of world gold demand -- reduced purchases after the 26 percent price rise to a high of $339 an ounce on Oct. 5. The reduced demand and signs of increased bullion lending by some central banks helped prices drop 14 percent from their high.

Maybe the markets NEED the CB to push gold down a little, to promote higher demand.

Hutch
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