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To: craig crawford who wrote (131803)	9/23/2001 7:39:26 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

>> The consumer use of gold for jewelry is not a sufficient factor in itself to determine the price of the metal. << umm...then what is? The release (sale) of gold by central banks. I believe that is the largest factor. Recently selling has decreased. >> The consumer could buy gold jewelry or not based on the current economic situation and not affect the price. >> say what? the wording of that statement confuses me. The sentence was redundant. Basically says consumer demand will not affect the price of the metal. >> Personally, I believe gold jewelry will be the gift of choice for jewelry in the US this year. It is not as costly as diamonds or platinum and still is a personalized gift. << gold may be preferred over diamonds and platinum, but they could all be down. being down less is not a consolation. >> This means sales of gold jewelry in Q4 may be flat or even slightly down compared to last year since I anticipate the entire industry meaning diamonds, etc. to be down considerably year over year. << thanks for helping to make my point. gold demand will be weak regardless of the relation to platinum and diamonds. I concur. I was just stating not as weak using a relative comparison. There are enough diamonds floating around both polished and still in the rough to kill that market. Fortunately, those holding them seem to have the financial resources to wait it out. I am still trying to figure out how they get that much money<VVBG>