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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: goldsnow who wrote (2996)	11/9/1997 9:48:00 PM
From: rdww	Read Replies (1) of 116837

Swiss have many reasons to threaten to sell Gold. It was suggested to me by someone who deals w/ financial clients in Switz - that the suggestion of selling Gold is a way of rattling the US cage. They are under intense presssure from Congress and Senator D'Amato(?) for the repatriation of Jewish gold. Americans have threatened a number of legisation possibalities aimed at ballbusting the Swiss so that they will pay up.Not only is this embarrissing to the Swiss - the hiding place of the world's gold and money men - but it's gonna cost them a lot of time and money. So the Swiss are no dummies - and they play a little PR and upset a number of American producers and desettle CB's all over the place. Tit for tat.

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