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mas

03/07/09 6:34 PM

#77156 RE: Elmer Phud #77154

but what is the real demand for Gold when not being bought by investors fleeing equities and currencies ?
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Sarmad

03/07/09 6:53 PM

#77157 RE: Elmer Phud #77154

>> The price of oil is the perfect example. It's purely supply and demand.

Yes, but momentary supply and demand is different from intermediate term. Cost of supply, and ability to shift demand also are essential.

Which is why the programs to prepare ready sources of energy, even if more expensive than the current $45/brl, are important to pursue.