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

To: long-gone who wrote (43989)10/26/1999 10:01:00 PM
From: Zardoz  Read Replies (1) | Respond to of 116764
 
We aint talking Kansas here richard.

Jewelers in India, East Asia and China -- who account for about 40 percent of world gold demand -- reduced purchases after the 26 percent price rise to a high of $339 an ounce on Oct. 5. The reduced demand and signs of increased bullion lending by some central banks helped prices drop 14 percent from their high.

Maybe the markets NEED the CB to push gold down a little, to promote higher demand.

Hutch



To: long-gone who wrote (43989)10/26/1999 10:09:00 PM
From: Ahda  Read Replies (1) | Respond to of 116764
 
let us assume car loads of gold were picked up at 256 the retailers knowing this cant get much lower.

This is PURE BULL SHIT propaganda!
Propaganda yes smart s not bs.

But if that happened oh boy talk about delivery problems

I heard Tiffany on CNBC stating the WELCOMED a higher gold price as it gave an even greater value to their main product Jewelry, and allowed for a greater added value in their craftsmanship.


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