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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (39254)	8/19/1999 7:23:00 AM
From: Winzer	Respond to of 116958

Quoting from the article: <<''It's a bit disappointing. I suspect a lot of people were a bit more positive after the World Gold Council demand figures, which I think were good,'' said one London dealer. ''I was looking for some stops around $263.00 which we were unable to achieve,'' he added. Data released on Wednesday by World Gold Council (WGC), a gold mining industry group, showed second quarter demand up 16 percent year-on-year to a quarterly record high of 810 tonnes. The rise resulted from a 13 percent gain in jewellery demand and 32 percent rise in gold investment, the WGC said in a survey of 27 countries accounting for 80 percent of world gold demand. One dealer made the point that if there was record demand there must also be record supply given the paltry rise in price.>> Is GS using their new found supply to counteract any bit of positive news? Would they have the supply of gold to pull this off with Y2K and (if GATA is even close to the mark) the unravelling of POG manipulation? Winzer