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To: NickSE who wrote (57226)	8/19/1999 8:43:00 AM
From: NickSE	Respond to of 86076

...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. "The recent bad performance of gold may have left a bad taste for many bulls," said Frederic Panizzutti, head of strategy at Geneva-based metals refiner and trader MKS Finance. biz.yahoo.com