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To: Enigma who wrote (57996)9/8/2000 6:34:43 PM
From: goldsheet  Respond to of 116753
 
> IMO the Asian crisis simply moved gold from one set of owners to another, in other words no new supply was created.

True, but the rate at which it moved was double the historical rate for scrap and the folks who were selling it were a little nervous. Probably was enough to temporarily cause at least the $25 dip I mentioned, which since has been completely absorbed by the market. It like the money supply, sometimes it is not the finite amount, but the velocity that cause problems.



To: Enigma who wrote (57996)9/8/2000 6:39:53 PM
From: Bob Dobbs  Read Replies (1) | Respond to of 116753
 
Yes, since mid-'99 I'd say the net Asian dishoardment and therefore its impact on the POG has been zilch. I'm only addressing the sharp drop to $250/oz in mid-'99.

Dobbs



To: Enigma who wrote (57996)9/9/2000 9:55:52 AM
From: long-gone  Read Replies (3) | Respond to of 116753
 
<<IMO the Asian crisis simply moved gold from one set of owners to another, in other words no new supply was created. >>

Even if your opinion is correct of the crisis on supply it does not take into consideration the effect of the reduced the Asian demand.


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