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To: long-gone who wrote (26400)	1/18/1999 7:39:00 AM
From: Francis R. Biscan Jr.	Read Replies (1) \| Respond to of 116856

Morning Richard, >>A custom jeweler I know was Very Busy for months leading up to Christmas, and could not take any more orders<< I can also confirm that generic jewelry stores like Service Merchandise (Who claims to be the country's largest jewelry outlet) and J.C. Penny's were out of most of their gold chains and bracelets a couple of days before Christmas. Rich

To: long-gone who wrote (26400)	1/18/1999 12:32:00 PM
From: Bob Dobbs	Read Replies (2) \| Respond to of 116856

Richard: Regarding Weiss/jewelry/industrial/ECB/Deflation Scenario That's my take too. Anecdotal evidence suggests jewelry demand has picked up in the USA and Far East. I recall a figure of 750 tons predicted this year from India, which represents growth of 5-10%. From Japan, similar story. The industrial demand claim isn't important even if true because it's such a small component of overall demand. But I wanted someone to address the European's removal of OFFICIAL RESERVE STATUS. This is very interesting. Can anyone confirm? Has anyone heard of the claim that in the initial stages of deflation, gold is generally sold off to lower levels. Is that what all the data suggests? Certainly that was true in Asia in 97-98, but does it hold generally? Here's my concern: There won't be wholesale dishoarding in the US because there's so little initially, BUT if the US markets tank and consumers spend less, some Asian economies won't just slow down, they'll disappear off the face of the earth! What would that portend for global dishoarding and POG?!? Bob