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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: long-gone who wrote (53083)	5/22/2000 9:15:00 AM
From: Hawkmoon	Read Replies (3) of 116762

I have no problem with the Treasury selling the gold Pardon me if I doubt your sincerity with regard to the above. It strikes that you and every other goldbug takes on an GATAtude whenever a European Bank sells gold. Lord only knows what would happen to the price of gold if the Fed opens the doors to Ft. Knox and sold off that gold. Btw, there was article that was posted several weeks ago where a noted gold analyst, who once doubted that Ft. Knox still contained US gold reserves, but had changed his mind and now believed the gold was still there according to an audit that apparently was performed. Either way... if the gold doesn't exist, then you should STILL be calling for the sale of this physical gold. Such a demand would require the Fed to unwind any leasing positions it has in order to sell the physical metal. Regards, Ron PS: I can hardly wait to hear your response to this logic...<VBG>

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