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

To: goldsheet who wrote (95520)	6/27/2003 5:19:33 PM
From: skinowski	Read Replies (2) \| Respond to of 116761

Gold's price rally ... was massively aided by producer de-hedging, which saw gold miners buying back their previously sold future production. Makes sense - sounds like a short squeeze of sorts. Massive buying will certainly help a rally. in euro terms, gold has recently returned to the bottom of its two-year range of 300-350 euros an ounce. Interesting point. In Euro terms gold hasn't really rallied much, has it? "Ultimately gold is about jewellery and jewellery demand continues to stagnate," Barclays Capital said. Is that true? I would think that gold is more interesting as a store of value during uncertain times. When all this talk about having 5-10% of one's assets in gold changes to a target of 10-20%, gold will rally. financial/economic/geopolitical uncertainty would also be supportive for gold. This does have the ring of truth, but it is also possible (imho) that a deflationary process may, at least temporarily, severely depress the price of gold. All multi-$$$ questions... Thanks for the article.

To: goldsheet who wrote (95520)	6/27/2003 8:09:52 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 116761

The key? Demand for gold bars was abnormally high in Japan in 2002 due to concerns over the stability of the country's banking system and the approach of an imposition of limits on insurance for some bank deposit accounts. Is this where we get the next rally from? When GI Joe decides he is going to put his $ into gold instead of the savings and loan? The only problem is that GI Joe has no savings to place... Perhaps this is why I am watching China Joe to see if their savings go into gold.

To: goldsheet who wrote (95520)	6/28/2003 2:21:41 AM
From: Graystone	Respond to of 116761

New floors or Anti financial gravity The fishing has been good for everyone, except maybe Luc, who has to be running out of lures soon. <g> Setting nets at the 330 mark used to be daring, and every bouy had little gold bull horns. Ole 49er's bubble gum zone has been thoroughly chewed and the old fishing grounds at 270 and 300 are deserted. So what does the gold bull want ? When will the rally monkey be free ? Can you teach an old bear new tricks ?