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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST
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To: Crimson Ghost who wrote (66681)3/29/2001 8:53:22 AM
From: russwinter  Read Replies (1) of 116791
 
Why would the US wish to sell gold at these levels, to buy yen and euros as reserves, and bankrupt the mining industry of a large part of the third world? I just read that gold is 20% of Peru's exports. Plus even small selling would knock a big chunk out of the reserves the US does have. I think at the tail end of these bears markets people start to believe just about anything and this is an example.
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