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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: goldsheet who wrote (87641)	7/4/2002 1:26:26 PM
From: ild	Read Replies (2) of 116764

RE: gold in rupees Bob, IMO what important is that ALL gold production is JUST around 25 $Bln (please correct me if I'm wrong). This is a tiny number if you compare it to trillions of $$$ of world's wealth, so just little spill of money into gold (what we see in Japan) should materially lift demand for gold. Also as you stated $325 is an equilibrium price for gold producers. I think (and hope) that gold bull just getting started. Thanx P.S. Do you agree what Heinz Blasnik's opinion? #reply-17690020

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