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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Condor who wrote (32359)	11/17/2004 1:26:45 AM
From: Taikun	Read Replies (2) of 39344

The other stat to look at is annual investor demand, which I read to be 600 tons. The ETF is expected to have an initial annual demand of 550 tons, and most of that will be new demand. So, it looks like a doubling of annual demand in the investor piece. quote.bloomberg.com "The offering in New York may boost investor demand for gold by as much as 550 tons, or about 18 million ounces, in the first year, London-based research company Virtual Metals said in August. Global net-investment demand for gold last year was 600 tons, said GFMS Ltd., a London-based precious metal research company." (GFMS was one of the sources Embry quoted in Sprott's piece in gold manipulation) I like the fact that the gold ETF is coming out while there is still two months of Indian wedding season. With the Rupee high I expect the dowries to full of gold. On a demand basis, gold looks good even if we get a bit of a correction in the USD. Perhaps this demand will tide us over?

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