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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (7926)	2/16/2002 9:30:16 AM
From: Murray Grummitt	Read Replies (2) \| Respond to of 36161

"The financial press has made a very big deal about the Japanese buying of gold as a hedge against the collapse of their banking system and the further depreciation of their currency. While the percentage increases of their buying are most impressive, the absolute numbers are less than paltry. Please remember that in January, the Japanese bought about 10 tons of gold (a bit over $90 Million USD) from their huge savings pool of about 11 Trillion USD. I remain to be impressed. I firmly agree with most analysts in the industry that Japanese buying has the POTENTIAL to be the biggest, most bullish, stimulus seen in the gold market for decades, but potential is far from realization. As the famous line in a recent movie, "Show me the money". thebulliondesk.com