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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: russwinter who wrote (70489)	5/27/2001 3:19:04 PM
From: goldsheet	Read Replies (1) of 116756

> almost all commodities have an income elasticity of less than unity. BUT NOT GOLD Over 1 is often called a luxury good and under 1 a necessity good. > gold's price elasticity have totally changed relative to history Therefore, gold seems to have made the economic definition change from a luxury good to a commodity.

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