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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: goldsheet who wrote (93797)	2/26/2003 1:41:58 AM
From: IngotWeTrust	Read Replies (1) of 116796

Interesting comments: #1--re: India...especially in light of the 10% VAT being (foisted?) upon their wholesale/retail distribution network which will be passed along to the consumer...might that have something to do with retail demand you claim is dropping. And just for the sake of discussion...at what point have you determined from your statistical perch that Indian and Chinese demand have not responded to higher gold prices. At the $262 point? The $272 point? $292 mayhaps? ....? .... ? I believe those kind of assessments re: India might just prove to be not only currently unfounded and more of the stab in the dark variety by other pundits, but... ...since Chinese "demand" is currently extrapolated from archane, infrequent and difficult to interpret "export/import" demand figures by State Department analysts--regardless of bureaucracy... I don't think there is a whole lot to support resistance to higher prices by Indian and Chinese statement you just posted... Just for starters... it's only the end of Feb 2003...and there's a whole lot of 2003 to go before I would be comfortable determining whether or not Chinese and Indian demand "resisted" higher gold pricing, and from what price above $252 that resistance showed up, for how long, and whether or not it "re-appears"... counterpoint? gold & platinum_tutor gold & platinum_tutor

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