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

To: Zardoz who wrote (24992)	12/28/1998 12:29:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 116791

I didn't think you would like the World Gold Council data. How about Gold Fields Mineral Services?. Their data correlates very closely to WGC. The chart which you can link to below indicates a tenfold increase in forward sales from '96 to '97 and a twofold increase in "implied dis-investment" which is primarily in the form of short-selling by U.S. funds. It does not show demand declining at all as you suggest in fact jewelry demand doubled from '88 to '97 at 2464 tonnes in '97. Mine production will rise only 1% to 2001 according to the Gold institute which to me indicates you will need greater short-selling and/or greater hedging. However producers have started to close out hedges recently and are not indicating in their comments that they will be re-established to the same extent. If the European supply in the form of lending and sales has peaked then there will be much higher prices. It will however take longer to achieve the prices that goldbulls want because sentiment will require even more time to repair. The next major move over the next 12-18 months will most likely be higher prices if I am correct in my assessment. Here is the information: goldfields.co.za

To: Zardoz who wrote (24992)	12/29/1998 9:43:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116791

Hutch/Teevee - the World Gold Council may be a gold lobby group but they do supply statistics on gold production and consumption, etc. Teevee would have us believe that the world is being saturated with gold - as if there was no consumption at all!! Consolidated Gold Fields also used to publish similar data - maybe they still do. An interesting statistic would be a comparison between world money supply and gold in existence. I notice, Hutch that you slide away from the points I made in my last post to you - and, on the subject of the Russian situation - you say it is the tip of the iceberg - but this is a speculative statement not based on proof. And, to get back to my previous post, how do you know that any of the $100 million reduction of gold and other reserves was in fact gold at all?