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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

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To: IngotWeTrust who wrote (93791)	2/25/2003 11:52:10 PM
From: goldsheet	Read Replies (4) of 116791

Last year looks about like this: 1. Jewelry = 2700mt, 77% 2. Covering Hedges = 340mt, 10% 3. Investment/Hoarding = 250mt, 7% 4. Electronic = 200mt, 6% 5. Coins = 60mt, 2% The point I always make is that with jewelry such a high percentage it is going to take a big improvement in world economics to get electronics demand up -or- a major increase in investment demand to make up for relatively small percentage decreases in jewelry (it's just the math) Indian and China have not accepted higher gold prices and their demand has been dropping.

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