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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Baba 2 who wrote (35289)	6/13/1999 2:15:00 PM
From: Don Green	Read Replies (1) of 116764

Bank Gold Sales to Equal at Least Nine Months' Output; Lower Prices Seen By Mark Deen Bank Gold Sales to Push Prices Lower, Crimp Profits (Update2) (Adds investor comment in 4th paragraph) London, June 13 (Bloomberg) -- Central banks and the IMF are likely to sell gold equivalent to at least nine months' global output within five years, squeezing mining companies profits and pushing prices below current 20-year lows, analysts said. Gold has dropped 10 percent in the five weeks bloomberg.com

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