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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: John Hunt who wrote (45594)	12/6/1999 6:24:00 AM
From: Alex	Read Replies (1) of 116763

Dutch central bank to sell 100 tonnes gold next year AMSTERDAM (AFX) - The Dutch central bank said it will sell 100 tonnes of gold next year as part of a five-year plan to sell 300 tonnes. The sale is part of an agreement reached Sept 26 with 15 other European central banks to limit total gold sales to 2,000 tonnes over the next five years. The Dutch bank's share over the five-year period is 300 tonnes. The Bank of International Settlements in Basel, Switzerland will coordinate the sale, the Dutch bank said. The bank said even after the sale "the Netherlands will remain a significant goldholding country with a gold stock of more than 700 tonnes." cjs/vs For more information and to contact AFX: www.afxnews.com and www.afxpress.com ¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved. ****************************** Odd how gold exploded to the upside on the announcement of restricted sales and now dives when the same sales are occuring.

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