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

To: long-gone who wrote (63264)	2/3/2001 1:29:07 PM
From: GST	Read Replies (1) \| Respond to of 116764

If bought for "consumption" higher prices depress demand. If bought as an "investment" demand is more likely to pick up as prices move higher.

To: long-gone who wrote (63264)	2/3/2001 1:36:33 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 116764

The answer seems to be to reduce supply. Consolidate the mines, write down the assets and then put the squeeze on consumers and the banks. Gold price would skyrocket if supply was suddenly restricted. Thats of course why the banks continue to make the appearance that there is a large supply. My guess is they dump it to dealers who short the hell out of it, buy it back lower and then sell it quietly back to the bank until the next announcement. Then they do it all over again. See the price would go up.. _________________________________________________________________________________________ Updated Fri Feb 2 18:19 ET BRIDGE UPDATE--PRECIOUS METALS: India gold, silver supplies cut Feb. 2--2317 GMT/1817 ET ................................................................. TOP STORIES: India's gold, silver prices rise as supplies drop after quake Mumbai--Feb. 2--Reduced supplies on account of last week's massive earthquake in India's western state of Gujarat pushed up local gold and silver prices, traders said on Friday. Most of the country's gold imports go to Ahmedabad city, in Gujarat, before being distributed to other business centers. ( Story .2053 )

To: long-gone who wrote (63264)	2/3/2001 2:29:42 PM
From: goldsheet	Read Replies (1) \| Respond to of 116764

> Will demand increase if price improves? Sure, when price improves it will get gold on the radar screen and folks will come back into it, but that will only take it so far, then new/old factors will come in (it's dynamic - rules change at different price levels). When it gets high enough ($350) I think traditional behavior will come back in. Historically, Asian demand has been very price sensistive and when it gets to certain levels they stop buying and eventually start to sell. If we get above $300, then $350 will be huge resistance.