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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: long-gone who wrote (79134)	11/5/2001 11:45:23 PM
From: E. Charters	Read Replies (1) of 116753

Italy is the largest single consumer of gold for jewelry purposes and I believe one of the the largest sellers of jewelry gold of all nations. This would make it a very large player in the global gold market indeed, as 75% of all physical gold is consumed for the purposes of making jewelry. This would make me suspect that their involvement in the derivatives market must be partly in gold. EC<:-}

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