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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (20834)	4/30/2004 2:22:10 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81247

James, I do understand your perception about gold and if you are an investor I hope for your sake that you are right. To me, there has been something phony about the whole bull market of the past three years because, with the exception of certain mines covering their forward hedges, it has been driven by the purchase of derivatives and not by the purchase of bullion itself. For this reason, since the market is clearly motivated by speculation and not investment, one has to be ready for extreme price volatility, as we have witnessed. technicalindicators.com >>>The biggest factor however, overcoming practically all others, is that demand for gold remains static at levels lower than a few years ago. The last real gold boom in 1979-1980 came when the demand for physical gold was soaring. Although that could change, demand for physical gold is so far lagging behind the futures. A very fundamental issue however is whether the gold can continue to rise when supply is up and demand is down and remains at low levels. <<<