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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Mark Bartlett who wrote (2907)	11/7/1997 6:10:00 AM
From: Eldon Slife	Read Replies (2) of 116826

Mark I have certainly enjoyed your comments over the past months as a bystander. I have a question that keeps coming back to me concerning CB sales of gold. You mention in your post that the CB's have sold only a very small amount of their gold (percentage). I have been thinking that why couldn't they have sold a great deal more then we all believe. We all get info only after the CB's give it to us. The point being they can and do sell gold without telling anyone. Sure we have public info that various European, Australian, Canadian banks have sold buy only after the fact. Were they required to make those post sale announcements? In this strong gold market it would seem very likely that those CB's would have to sell lots to keep a lid on things. Your thoughts appreciated. Eldon Slife

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