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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.21

-0.4%

Dec 18 4:00 PM EST

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To: pater tenebrarum who wrote (54681)	6/19/2000 5:24:00 PM
From: Enigma	Read Replies (1) of 116815

<<this is a hypothetical problem only, since no-one is, or will be buying. so why worry about it?>> Well I'm not worrying about it! - but it's not hypothetical - every year CBs have sold and bought gold - in fact in some years in the past they bought more than they sold. I fear the Washington Accord has changed the emphasis towards the sell side - because, come what may, 400 tons will be sold - so I think the overall impact is quite negative - unless the 400 ton figure relates to sales before purchases are taken into account.

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