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

To: ild who wrote (87659)	7/4/2002 6:01:06 PM
From: goldsheet	Read Replies (3) \| Respond to of 116765

The purpose of my post was to put increased Japanese demand into a worldwide perspective, using India as a counterpoint. The Indian market is about 8 times the Japanese market, therefore an impressive 100% increase in Japan can be easily offset by a 12.5% decrease in India. Let's use real numbers (mt) instead: Q1-01 Q2-01 Q3-01 Q4-01 Q1-02 India 249.7 236.3 172.1 185.1 149.8 Japan 22.1 19.7 35.0 32.5 56.5 Total 271.8 256.0 207.1 217.6 206.3 The increase in Japan (which we read about in verbose goldbug site essays) has been more than offset by the decrease in India (which nobody seems to have mentioned) REF: gold.org Also, note total demand followed by WGC has run about 750mt for the last three quarters, which means demand is running at a 3000mt annual rate, down a bit from 3200mt in previous years. Higher gold prices does seem to be translating in slightly lower overall demand, which is why I look at the big picture.