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

To: pater tenebrarum who wrote (55730)	7/5/2000 1:44:57 PM
From: Rarebird	Read Replies (2) \| Respond to of 116790

<The market seems to paint them all with the same brush as well.> The consensus seems to be: Why bother to invest in gold stocks to begin with if no rally is sustainable? I don't agree with that point of view; but that appears to be the prevailing sentiment. Have you noticed that the Dollar Index is fractionally higher? Perhaps it will serve as a safe haven for a declining global equity market? The Fed will most likely lower rates over the next 6-9 months, if not sooner, in response to a dramatically slowing economy. That may help the XAU, or at least, it has in the past.

To: pater tenebrarum who wrote (55730)	7/5/2000 1:52:09 PM
From: long-gone	Read Replies (3) \| Respond to of 116790

Speaking of buggy whips demand & Mexico: Issue No. 31 - May 2000 NEWS RELEASE - 22 May 2000 (not before 12.00 noon BST) Gold demand remains strong LONDON: 22 May, 2000 - Gold demand remained strong during the first quarter of 2000, the World Gold Council said today. Total demand of 795.2 tonnes maintained the level of the first quarter of 1999, when demand went on to set a record for the full year, according to the World Gold Council's quarterly survey Gold Demand Trends, published today. Demand for jewellery was 701 tonnes, 7% above the first quarter of 1999 and a record for the period. Consumption was buoyant in many countries, helped by the improving global economy. The volatility in the gold price prompted consumers in some countries to defer jewellery purchases, but improving economic prospects should support healthy demand over the remainder of the year. There were outstanding gains in jewellery consumption during the first quarter of the year in the following areas: Turkey, up 79% South-east Asia, up 59% Brasil, up 45% Mexico, up 22% United Kingdom, up 18% (cont) gold.org