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

To: russwinter who wrote (65974)	3/17/2001 10:10:59 PM
From: goldsheet	Respond to of 116906

> His production cycle (down 10% or 250 tons to 2004) seems reasonable to me as well. I am concerned about gold demand being flat and going down if industrial economies get weak. If demand is around 4000mt, then a 6% drop almost equals the 250mt production drop, leaving the gap stable instead of growing. Any serious drop in demand might even close the gap a little. BTW, scrap has been over 600mt for the last 6 years, with a peak over 1000mt during the Asian currency crisis (1998). Your/Goldfields 1400mt deficit number looks good, historically filled by about 650mt of scrap, 450mt of central bank sales, and 300mt forward. As you say the last number may be heading to or at zero, so 300mt looks up in the air to me. P.S. In my Gold Eagle post I meant to say there are so many 98/99-dated coins the mint did not make many for 2000. So far in 2001, January sales were 16,500 ounces and February was 21,500 ounces - still VERY weak.