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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Enigma who wrote (36639)	7/6/1999 11:50:00 AM
From: Zardoz	Read Replies (1) of 116753

how much has the UK Treasury stripped from the value of its reserves? Ahhh there in lies the truth... Answer: Nothing! It's not like if you and I sold our gold to buy treasuries, then we would be shooting ourself in the foot. The BOE as cromlech of currency & treasuries, can move the monetary supply to absorb any losses. Anyway, they sold at $261.20, it's the buyers that are getting shot in the foot. Next time maybe less will bid? How's the saying go:*burn me once, shame on you; burn me twice, shame on me* PS: Who's crowing? PPS: As I stated before, while many said that Swiss you'd never sell, it's a done deal. Hutch{eon}.

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