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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: The Vet who wrote (21240)9/17/2006 12:59:11 PM
From: John McCarthy  Respond to of 78416
 
VET

First an apology.

I was so busy (today) copy your prior posts that I forgot
to reply to you and say THANK YOU.

It's late, nevertheless, THANK YOU.

With respect to TRINKET buying I understand your reply.

And it sounds logical.

I'm a little (or much) dumber and tread water along these
lines.

Higher incomes (China and India) leads to higher demands
for goods and services.

And therefore, while the TRINKET market may have shrunk
somewhat in the short run, in the longer run, folks
drawn to gold by culture, tradition, whatever will
seek it out at its then current price.

The only time I would fear the TRINKET market is if
INCOMES were declining in China and India and the rest
of Asia.

fwiw ...

regards,
John



To: The Vet who wrote (21240)9/17/2006 3:16:55 PM
From: LoneClone  Respond to of 78416
 
Vet

Your comments coincide very well with what I have been reading. The jewelry market is a small percentage of overall demand -- under 20% if I recall correctly -- and is very willing to hold off on purchasing supplies until they think the price will be going higher rather than lower.

LC