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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: (o:>* who wrote (4070)	12/10/2006 11:08:47 PM
From: Jamey	Read Replies (1) \| Respond to of 50716

In case you missed it. Limited Supply In Gold Next Year Message 23087782 Santi

To: (o:>* who wrote (4070)	12/11/2006 12:33:12 AM
From: hubris33	Respond to of 50716

From reading the references I posted earlier....it looks like demand came back at or below the $600 level. The bald figures for a quarter as a whole nevertheless conceal what was a dramatic shift during the three months in the gold demand picture. Consumer demand (jewellery and net retail investment) was very subdued at the beginning of the quarter, in line with the pattern generally for the first half year. But as price movements stabilised later in the quarter, and then fell below $600/oz, in September consumer demand surged. The last few weeks of September and all of October saw very vibrant demand for jewellery and retail investment, particularly in the markets sensitive to price volatility in Asian and the Middle East. Consumers were clearly comfortable with prices in the $570 to $600 range. After a long gap of a year during which jewellery buying was very subdued, it seems clear that the $570 to $600 price range has emerged as a new level with which buyers are comfortable, as they were with the $420 to $440 range in the first half of 2005. Source: Gold Demand Trends: Third Quarter 2006 November 2006 World Gold Council gold.org Sounds like WGC thinks the new "floor" is in the 570 to 600 range. H3