> indications that the demand for gold is about to abate?
Gold demand has gone DOWN for the last three years;
1997 - 4228mt, 1998 - 4123mt, 1999 - 4065mt
Probably going to be flat for 2000, but if economies get weak demand could go down.
Primary gold production has gone UP for the last three years;
1997 - 2472mt, 1998 - 2555mt, 1999 - 2569mt
Observation: the "gap" that needs to get filled by forward sales, central banks sales, scrap, etc ... is geting smaller
1997 - 1756mt, 1998 - 1568mt, 1999 - 1496mt
Conclusion: Draw your own, I don't understand enough about any of this to figure it out. |
