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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: ild who wrote (87659)7/4/2002 6:01:06 PM
From: goldsheet  Read Replies (3) of 116764
 
The purpose of my post was to put increased Japanese
demand into a worldwide perspective, using India as a
counterpoint. The Indian market is about 8 times the
Japanese market, therefore an impressive 100% increase in
Japan can be easily offset by a 12.5% decrease in India.

Let's use real numbers (mt) instead:

Q1-01 Q2-01 Q3-01 Q4-01 Q1-02
India 249.7 236.3 172.1 185.1 149.8
Japan 22.1 19.7 35.0 32.5 56.5
Total 271.8 256.0 207.1 217.6 206.3

The increase in Japan (which we read about in verbose
goldbug site essays) has been more than offset by the
decrease in India (which nobody seems to have mentioned)

REF: gold.org

Also, note total demand followed by WGC has run about 750mt
for the last three quarters, which means demand is running
at a 3000mt annual rate, down a bit from 3200mt in previous
years. Higher gold prices does seem to be translating in
slightly lower overall demand, which is why I look at the
big picture.
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