Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Zeev Hed who wrote (63956)	2/18/2001 11:09:59 AM
From: Crimson Ghost	Read Replies (2) of 116788

Zeev: You say that gold is just another commodity today. But you also argue that the CBs have a responsibility to keep the price within certain limits. This sounds contradictory to my simple mind. If gold is just another commodity why should the CBs care if it sells at $500 or even $1000 an ounce? Could it be because the resultant losses of politically connected gold shorts would threaten the solvency of major financial institutions.

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