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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Stephen O who wrote (70443)	5/26/2001 6:39:33 PM
From: baystock	Read Replies (1) of 116759

IF AND WHEN China opens up their gold market the way India did a few years ago, this could be very big for the demand side. Gold demand in India has picked up from 200 tons per year to the current 800 tons per year, since they deregulated in the early 90's. And the same could happen in China. Chinese demand growing from 200 tons to 800 tons per year over the next decade could blow the gold price wide open. Where is the supply going to come from to meet this new demand ? If the Chinese insiders are smart they would be accumulating gold big time in advance of opening their gold market. After all why should Goldman Sachs be the only one to benefit from trading off insider knowledge.

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