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To: Alex who wrote (28292)2/15/1999 11:50:00 AM
From: Stephen O  Respond to of 116770
 
I have just read in Globe and Mail that 20/20 India Fund is moving up sharply together with the Indian stock Mkt. Isn't India one of the largest buyers of gold in the world. A wealth effect from an increased stock mkt should manifest itself in demand for gold. After all in NA the wealth effect from the high flying tech stocks is making US citizens feel rich and buy things, except they don't buy gold. Indians do.