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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

4:00 PM EST

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To: pater tenebrarum who wrote (54674)	6/19/2000 11:36:00 AM
From: Enigma	Read Replies (1) of 116815

The Washington Accord has its downside too - the 400 ton figure IMO is a net figure - in other words if a CB (from the 15) steps in and buys 50 tons during the year - it allows the sellers to sell 450 tons. I may be wrong about this - but I have no info. which indicates otherwise. As Bob Johnson has pointed out 400 tons exceeds the average of 300 + tons/year over the last several years - and I assumed that 300 tons was net of purchases. The W.A. would have more force if it used a 200 or 250 ton figure.

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