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

To: John Paquet who wrote (59619)	10/11/2000 2:35:56 PM
From: LLCF	Read Replies (1) \| Respond to of 116756

SE Asian Q2 gold demand curbed by Indonesia GOLD demand in southeast Asia in the second quarter fell 18 per cent year-on-year to 56.5 tonnes due to a sharp drop in demand in Indonesia, the World Gold Council said today. "A sharp drop in demand in Indonesia meant that overall demand for this region fell to 56.5 tonnes in the second quarter of the year," the quarterly report of the industry-funded World Gold Council said. The report covered jewellery, bar and coin demand in Indonesia, Thailand, Vietnam, Malaysia and Singapore. Gold demand in the second quarter in Indonesia fell to 22 tonnes, 42 per cent down from the same period last year, mainly due to political uncertainty, a plunging rupiah and sharply rising local gold prices, the report said. For Thailand, strong jewellery sales helped gold demand reach 14.1 tonnes in the second quarter, 22 per cent higher than the same quarter in 1999. "Demand for gold in Thailand continued to recover from the 1997 economic collapse, although it remained somewhat below precrisis levels," said the report. In Vietnam, liberalisation of the gold market boosted demand to 14 tonnes in the second quarter, up eight per cent year-on-year. Strong gold jewellery sales boosted overall Malaysian demand to four tonnes, 18 per cent higher than the same period in 1999. "However, demand remained below pre-crisis levels, adversely affected by promotions for diamond, platinum and other gem-set jewellery in the country," the World Gold Council said. In Singapore, despite strong retail sales across the country, gold demand in the second quarter of the year fell eight per cent year-onyear to 2.4 tonnes, the report said. — Reuters DAK

To: John Paquet who wrote (59619)	10/11/2000 8:02:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 116756

With reference to your WARNING post #59385 and your reply #59410 to my post #59408, I now don't think there will be a crash on Friday 13th 2000. I think that Greenspan and his troops, if it is necessary, will help the markets just as he did something special for Long Term Capital Management a while back. We got a bad scare today but throughout the day the news did not sound "desperate". So the Naz came back. I still think 20th & 24th Oct (+ or - 1 day) will be bad down days. My post #59408 which gave 10th Oct. as a bad down day was spot on, after all. Today (11th Oct) was just a follow up of what happened yesterday (10th Oct). Still betting on Friday October 13th 2000?