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To: Glenn D. Rudolph who wrote (131805)9/23/2001 8:00:27 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
>> The release (sale) of gold by central banks. I believe that is the largest factor. Recently selling has decreased. <<

we seem to be experiencing a communication breakdown. i have trouble with the way you word things sometimes. you said "a sufficient factor...". now you are talking about the largest factor. 80% of gold demand is from jewelry so i hardly think it's not "a sufficient factor". it's one of many factors. i think it is unwise to ignore an important factor like demand. you seem to be only focusing on supply which is one half of the equation.

>> Basically says consumer demand will not affect the price of the metal <<

gosh...if 80% of gold demand is for jewelry purposes i don't see how you can state this so confidently.

>> I was just stating not as weak using a relative comparison <<

i am stating that it's no consolation to say that gold demand is going to be down less than other resources. if demand is down it could affect the price. my comments were not about diamonds or platinum, or the relative merits of all three.