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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (38622)	8/8/1999 4:25:00 PM
From: Crimson Ghost	Read Replies (1) of 116759

Not only will China not sell gold -- at some point they will probably buy more. Any nation that wants a measure of financial independence from the US needs gold -- and lots of it. One reason for CB selling these last few years probably is the feeling that in the "new world order" of perpetual dollar asset bull markets nations in the US orbit need good relations with the US Treasury and Federal Reserve far more than they need gold. But nations outside the US orbit feel differently. And even nations in the US orbit may start to change their anti-gold ideology when US financial assets enter a sustained bear market.

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