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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%4:00 PM EST
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To: goldsnow who wrote (36945)7/10/1999 5:32:00 PM
From: Zardoz  Read Replies (1) of 116779
 
Goldsnow, a very good article:
''If the IMF sale does not go ahead with the sales it will probably be the worst day in gold's history,'' the analyst said.

''If they can't use it they will give it back to members, and what will all those countries do with it?'' he asked. Fund members included countries which had sold substantial amounts of reserve gold in the past, and which would probably do so again.

I was thinking the IMF would do much that {give it back}, if the sales weren't allowed to continue. Which is why I posted this to Bill:

#reply-10452971

It mentions that they have 3 possible routes, sell it or give it back are the two most plausible.

Hutch
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