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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: goldsheet who wrote (85446)	5/16/2002 9:20:47 PM
From: marek_wojna	Read Replies (1) of 116814

Regarding India imports, the dealers over there are not far away from clearing inventories which they accumulated when gold was below $300. Beside it should be stressed out that India POG is one of the highest in the world due to the imposed custom duties and tax. With the growing POG so will grow smuggling of gold into this country. BTW expect a very sharp increase in imports of gold in coming quarters.

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