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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: long-gone who wrote (86152)	5/31/2002 11:53:24 AM
From: marek_wojna	Read Replies (1) of 116816

<<An agreement announced on Friday with South Africa's central bank will involve Deutsche Bank doing some $100 million worth of deals that will be positive for the country's foreign reserves, local newspapers said on Monday. An official at the central bank said the Reserve Bank could not comment on the reports and Deutsche could not be reached immediately for comment.>> My translation is: D.Bank was able to bribe some high ranking official in SA. Like I posted few weeks ago German banks were unable to convince German Central Bank to sell 1200 tons of gold. IMO there will be lots of talking now about CB's canceling the agreement and selling more gold. It will never happen, because if it did the governments would give up control over gold and that's the last thing they would like to see - no more fear of vaults filled with gold. (I don't believe in their numbers anyway)

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