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To: John Pitera who wrote (85397)2/8/2001 5:01:31 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
John, India is a big consumer, but i wonder to what extent the impact from Indian demand dropping off really matters in a market with a 1000 ton structural annual supply/demand deficit?

or did you hear anywhere in the course of the last year that the sharp rise in demand from the Middle East would increase prices?

what gold really needs is the leasing/forward selling/carry trade scam to end, which will no doubt happen one day. it ALMOST happened in '99. took the bullion banks a huge expansion in their gold derivatives exposure to knock it back down.