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

To: goldsheet who wrote (89414)	9/8/2002 10:42:46 PM
From: Real Man	Respond to of 116796

Investment demand other than from gold miners certainly remains minimal. GATA even keeps talking about the "gold cartel" coming out dumping "HUGE" 100 contracts on the market. I think any trader on SI trading futures could have done it. Given how thin gold market has become, as little as 100 contracts produce a huge effect on gold price! One lesson, though - never short a thin market. Any reasonable investment demand will push gold where it has never has gone before, and this asset class has been the top performer for 2002. Without it gold will fall because of reduced jewelry demand

To: goldsheet who wrote (89414)	9/8/2002 10:45:59 PM
From: d:oug	Read Replies (1) \| Respond to of 116796

"... the amount of gold in the marketplace goes up due to production... making a derivative crisis less likely." . ok Bob, but then please help me understand why all the Gata Bill type talk at his LeMetropoleCafe by many other folks who are professional in this gold market having quite an impressive amount of accomplishments on record, have stated many times in many different ways that the amount of gold enclosed inside these paper vehicles are trapped unless the price of gold declines under $250 and stays there for the next 250 years. Lets see Bob, based on the numbers at your web site the amount of physical gold inside the central banks' vaults is 90% full, of which 90% is outright owned by these banks. And then the Gata Bill story has these numbers reversed from yours, as 10% full, of which 10% is outright owned by these banks. Meaning that your numbers come(aka arrived) from the official central banks and mouth-pieces spoken for them that are quite well involved in bashing/shorting/manipulating gold. meaning, your web sites reflects the official (aka political) numbers put out by those corrupt with criminal activity in the same manner as Enron and past crimes against humanity. . don't look for evil men but look for the evil men do and u may find it as the output of honest men men "too" honest to beleive in evil or simply unable to believe in evil or simply unwilling to believe in evil or simply afraid to speak of evil so they speak as if no evil exist exist with their speak or, since i reject evil any evil i help, i have rejected its existance just like manipulation does not exist with result that i can not be manipulates by manipulation since it does not exist so don't blame me if i been manipulation

To: goldsheet who wrote (89414)	9/11/2002 12:10:19 PM
From: Real Man	Respond to of 116796

Bob, what may be wrong in your analysis is the assumption that investment demand will remain minor. The reason why gold is anticorrelated with stocks is precisely because of that component of demand, because jewelry demand always goes down during bad times. So tracking it can provide some but not all the clues about the market. It can give a totally wrong picture in a gold bull market. Now, de-hedging at 365 tonnes per 2 quarters is a lot, makes up to more than 25% of total demand. And supply is going nowhere to down, according to your site. If the new WGC chairman can get California pension funds (who are obviously not that happy about their stock performance and about the behaviour of corporate bosses) invest some 5% in gold, a totally different picture of demand may emerge, where investment accounts for more than 50% of total demand. I would count these 365 tonnes by gold companies as investment made by gold companies in the metal. Producers (aka commercials) are always first. This view, of course, requires quite a bit of faith in that investment demand will pick up, an unknown component. You can't plan it or count on it, but gold bull markets seem to be made of it.