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Gold/Mining/Energy : Gold Price Monitor

GDXJ 89.99

+2.8%

Nov 5 4:00 PM EST

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To: d:oug who wrote (91916)	12/19/2002 1:49:13 AM
From: marek_wojna	Read Replies (1) of 116752

<<FRANKFURT, December 17 (Reuters) -- With the gold price flirting with $340, Bundesbank President Ernst Welteke announced today that Germany would consider selling its remaining national gold reserves... as soon as we can get them back." "We know just where they are too," he insiste>> This is 48th time German central bank is announcing this year plans to sell gold. Problem they facing only gold avaible for sale by Germans is still deep underground in S.Africa. BTW, Greenspan & co. are in the deep shit with the suit filed against Barrick. If they have any unsold reserves left they will dump it, we might see sudden reverse in POG, but IMO will be short lived.

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