Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (208)	6/29/1998 3:51:00 PM
From: Ray Hughes	Read Replies (1) of 972

Larry, Interesting perspective on gold dishoarding in S. Korea and Indonesia carried on gold.org. World gold Council Gold Demand Trends notes 70% reduction in aggregate demand. North Asia demand down 16%. Japanese demand down 40%. Combined, these declines offset higher demand in Middle East, India, Brazil & Mexico. Does this not fly in the face of conventional wisdom that in times of stress gold is bought, not sold? Do not these actual statistics suggest that one reason gold can't get off the ground is that smart Asian investors tend to trade - selling into USD gold price strength, buying back on weakness? The whole world has gone short term. We need to see long term buy-hold behavior in order to get gold up. RH

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