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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 154.53-0.8%Jan 26 3:59 PM EST
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To: marginmike who wrote (119451)5/29/2002 12:00:38 PM
From: kech  Read Replies (1) of 152472
 
I think what they are getting at is that a lot of Jewelry demand for gold comes from India and China (believe it or not) and the higher price puts a lot of those consumers out of the market. The story is about the elasticity of demand for gold and the price sensitive part of the demand just left.
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