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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.03

+2.1%

Jan 23 4:00 PM EST

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To: long-gone who wrote (45324)	11/26/1999 9:10:00 AM
From: Enigma	Read Replies (1) of 116916

The announcement by the 15 CBs - with supporting statements by the Fed and Japan - places other CBs in a strange position - where it will be a disadvantage to reduce gold holdings. The Canadians have sold most of theirs anyway - so they don't count. Kuwait has 79 tons which it will lease but not sell I believe - a bit player - it would be my guess that there are a few CBs who have bought more than that this year - but you will note that nobody on this thread (of the dump on CB persuasion) ever thinks of CBs actually, and routinely, BUYING the stuff! Yet every year CBs buy and also sell. d

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