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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.90+4.2%Dec 9 4:00 PM EST
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To: Alex who wrote (38959)8/13/1999 4:23:00 PM
From: Crimson Ghost  Read Replies (1) of 116804
 
Sounds like the South Africans are trying to convince the CBs to sell gold slowly and only on strength.

But the key to the gold price is leasing more than sales. If the CBs keep lease rates at 3% or more, they will be able to sell a lot of gold without hurting the price very much.
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