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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: goldsnow who wrote (41603)	9/30/1999 4:03:00 AM
From: Zardoz	Read Replies (4) of 116764

London--Sep 29--A representative of the Central Bank of Russia said the bank may place 7.3 million ounces of its gold with western banks, enabling it to be lent to the market. Because of the current 5% export tax on precious metals, it was not profitable for the bank to sell gold outright, but lending it was possible, depending on the interest rates offered by the banks concerned, he said. By Gavin Maguire and Sergei Padalko, Bridge News, Stories .16303, .17618 marketcenter.com hmmm 227 tonnes

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