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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: Jaakko who wrote (3124)	11/14/1997 7:27:00 AM
From: GOLDFINGER	Read Replies (1) of 116830

I believe the reason is, that there is a report out there from Frank Veneroso, who said that the Bundesbank has acknowledged yesterday that it has sold 10% of its gold reserves to 'shorters'. If even the Bundesbank is already selling gold, this means that the gold standard for gold bankers could be really in doubt and so more gold sales could follow, especially from European banks which try to sell gold before the end of June next year, when the members for the EURO will be assigned... GF.

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