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


To: goldsheet who wrote (87691)7/5/2002 5:46:43 PM
From: The Vet  Respond to of 116779
 
It has been much higher in rupees previously; this is not an all time high.

Whenever any commodity goes up suddenly there is always a "buyers strike" but if the price stays up soon they return. Also in India there is plenty of gold available and manufacturers always hold inventory.

They will work out of their inventory and hope the price drops. If it doesn't they will start buying again especially if it looks like the price will continue to climb.