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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: goldsheet who wrote (42583)	10/10/1999 12:37:00 PM
From: Benfica	Read Replies (1) of 116803

I think when ECB limited the gold sales it is what initially caused the price of gold to go up. I don't know if this is true, but I remembered reading that OPEC is partially paid with Bullion and US$. Is it possible that ECB decided to limit gold sales to increase the gold value so they would not have to pay too much pay in US dollars? This is just a guess.

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