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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: Enigma who wrote (51888)	4/24/2000 12:56:00 PM
From: goldsheet	Read Replies (1) of 116762

> I was referring to the Washington Agreement - wasn't the agreement to limit sales to 300 tons? I thought it was 400mt, and it only applied to certain European central banks, which leaves room for more than 400mt. > Re: scrap - how reliable do you think the figures can be? I wonder if it's not some kind of balancing accounting entry - to rationalise the gap - it just seems unlikley that much scrap would find its way to the market when prices are so low? Dont' know how reliable the numbers are, but scrap always finds its way onto the market regardless of price. like ole 49r they are folks that find scrap gold for well under value and are most happy to sell it. There are always folks who need money and will sell grandmother's jewelery ;)

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