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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: tshane who wrote (35549)	6/18/1999 2:43:00 PM
From: John Hunt	Read Replies (1) of 116764

U.S. says IMF gold sales to take place over years << The sale of International Monetary Fund gold to finance debt relief would take place over years and would be designed to minimise an effect on gold prices, a senior U.S. official said on Friday. '' If and when gold sales are approved by the U.S. Congress and approved by the IMF's board, they would design a carefully phased programme that would take place over a number of years and be designed to carefully minimise any effect on gold prices,'' U.S. Undersecretary of the Treasury for International affairs Timothy Geithner told reporters. >> biz.yahoo.com Amazing ... 'if and when' ... They are finally acknowledging that it is not a sure thing! PS - Sorry for the duplicated content ... posted at almost the same time as Don's message.

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