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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (69467)	5/18/2001 3:53:57 PM
From: ItsAllCyclical	Read Replies (1) of 116764

Reduced CB sales - One potentially great side effect of any decent gold rally... We may finally get some public pressure on the central banks to limit their future sales. If people see inflation coming they have say what the hell is our gov doing selling all our gold. Demand has outstripped supply by 25% for the last 10 years. The real "prize" comes if CB's start to change their practice of selling their reserves. Even a small % move would have a huge impact on the market. Again, according to history CB's have always sold at the bottom and hoarded at the tops. Not saying this is going to happen, but the possibility exists. We can have a decent rally with the CB's continuing to sell their reserves. But if we get a change in gov policy (even from a few countries) then the move could be explosive.

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