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

To: Zardoz who wrote (25374)	1/4/1999 2:31:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 116858

"This data is only up to the third quarter, and does NOT show a growing demand from last year, but an actual lowering of total demand" NO: You presented the data that supports your viewpoint without the caveats that the author stated: That's being selective. "The performance for the year to date represented a decline of 20% from the same stage of last year, BUT THIS SHOULD NOT BE ALLOWED TO MASK THE FACT THAT THERE HAS BEEN A STEADY IMPROVEMENT IN GOLD CONSUMPTION STATISTICS AS THE YEAR PROGRESSED. At the close of the first quarter, when the worst impact of the Asian economic and currency crisis was felt, gold consumption was running 46% behind the 1997 level. After the first half, consumption was still 29% below the same stage of last year. Demand in the third quarter was just 1% behind that for the same period of 1997, when the first effects of the Asian crisis were starting to become apparent." Hutch do you really expect 200 -300 tonnes of gold disinvestment in Asia in first quarter '99?