ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Syncrude who wrote (2918)	2/22/1999 10:07:00 AM
From: Claude Cormier	Read Replies (1) of 3282

<<I can't figure out why you use ANNUAL supply only and not the very mobile INVENTORY? >> Unfortunetely, nobody can prove that this inventory is as mobile as you say. For you to be right, would mean that the change in the market perception happened in the last few year (since we had a huge rally in 1993-1996). It is hard to believe...and if it did...a reversal can turn the whole thing around in similar time frame. IMO, what is more important to consider is the fact that the $ amount of wolrwide currencies available to buy gold has soared by a factor of more than 10 in the past 25 years while the gold inventories are up only a small 35%. <<As for the current prices, it is exactly the indication that demand is being met with supply. >> Obviously, you don't believe gold leasing and forward sales cause this trend in the price of gold. As you said, I guess will will agree to disagree. Time will tell if gold has lost all its lustre.. No need to say that I am convinced that gold will hit new highs in the next decade.

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