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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: Sergio R. Mejia who wrote (2962)11/7/1997 11:02:00 PM
From: Richnorth  Read Replies (1) of 116830
 
Hi Sergio,

Greenspan was not the only culprit for the big drop in the pog this morning. Blame must also be put on the Australians (Ozzies).

Those Ozzie guys in Down Under Land announced they would increase the production of bullion. You will recall the Ozzies sold 167 tons (two-thirds of their hoard) in July and did not realize they were shooting themselves in the foot at that time. Now it would appear they want to do more than replacing the gold they sold.

Richnorth
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