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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.99+0.3%Nov 11 4:00 PM EST
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To: lorne who wrote (51202)4/6/2000 2:35:00 PM
From: goldsheet  Read Replies (1) of 116753
 
It seems to me that if the Central Bank of Canada had the intention of selling a specific amount of gold in 2000 as part of their overall strategy, they could either sell into the cash markets every month or just negotitate the entire transaction as a series of futures contracts (probably exchanged traded). It would help them lock into a specific price, which they could them use in budgeting and planning processes. I don't read anything else into it.
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