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

To: E. Charters who wrote (68111)	4/23/2001 6:23:47 PM
From: goldsheet	Read Replies (1) \| Respond to of 116762

> I have never seen the figure of 80% that is described Check GFMS (Gold Fields Mineals Services) April 19, 2001 Press Release. REF: REF: gfms.co.uk Gold jewelry accounted for 3175mt out of 3946mt total demand in 2000, 80.5%. I have the last 12 years of data on my PC, and it has ranged from 67-81%, with an average of 76%. > we could increase the buying pressure on gold by 85 tonnes per year! It would definitely drive the price up substantially A 2% increase in demand would not have much of an impact. Even if the relationship were linear (which it probably isn't), a 2% price move would be about $5 ?? The sad thing about the 2000 data was the evil gold producers finally stopped hedging (went from 506mt sold to 10mt bought), while individual (mostly European) investors gave up (disinvested 291mt)