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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

4:00 PM EST

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To: Greg Ford who wrote (3370)	11/21/1997 4:26:00 PM
From: Alex	Read Replies (1) of 116815

On CB gold sales; from Kaplans site.............. Russian commercial banks are expected to buy 44-45 tonnes of gold in the remainder of 1997 and early in 1998, according to the head of the Finance Ministry's precious metals department Valery Goncharov, as quoted by the Russian news agency Prime Tass on Thursday. (According to Morgan Stanley in a report released on Wednesday, "It might surprise some gold bears to know that 19 central banks added to their gold reserves last year, while only 16 sold.")

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