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

To: Enigma who wrote (34644)	5/29/1999 9:30:00 AM
From: long-gone	Read Replies (4) \| Respond to of 116764

No inflation they say? Average home cost exceeds $210,000 Fewer houses for sale makes demand fierce By John Rebchook Denver Rocky Mountain News Real Estate Editor The average sale price of a previously owned home soared to an all-time record $210,607 in May, shows a report released Friday. HOME PRICES Average sale price of a previously owned single-family home: YEAR PRICE 1991 $105,942 1992 $111,271 1993 $120,626 1994 $132,961 1995 $147,338 1996 $155,163 1997 $164,198 1998 $178,614 1999 $200,315 Through May Source: Gary Bauer, Perry & Butler "And probably more significant, on a year-to-date basis, the average price in the first five months of the year was $200,315," said Dennis Hipp, president of Perry & Butler, which releases a report based on MetroList Inc. on the last Friday of each month. "We cracked through that $200,000 barrier on a year-to-date basis for the first time," Hipp added. "We'll probably stay there, based on supply and demand." There are only 8,906 unsold homes on the market, 32.3 percent fewer than the 13,148 homes available a year ago. The previous highest average price was in February of this year, when the average price of a home sold and closed hit $201,134, breaking the $200,000 mark for the first time.(cont) insidedenver.com

To: Enigma who wrote (34644)	5/29/1999 1:59:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 116764

They will try but the BOE will slow their sales because the price will be rising. Indeed, the price will be enabled to rise persistently because there will be supply above, the marginal supply coming from the BOE. Gold is falling because the demand below is strong. This is the hardest thing to understand about markets. The trick is to understand the form of the demand. It is supply availability at lower prices. As the buyers see they can get lower prices due to the psychology of the market, a self-reinforcing state, they demand at lower prices. They lower their bids and a little supply finds them. When lowering bids no longer elicits supply, the mechanism reverses. Then a little demand finds booked supply above the market. The psychology reverses. Supply disappears. Sellers raise their offers. You have to pay up to get what they previously would give you. In the gold case there would be a mad scramble to buy. There isn't a pro in the world who isn't waiting for this to occur. Everyone will jump at the same time and the mining companies who have hedged are going to get killed.