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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.14

+1.2%

Dec 30 4:00 PM EST

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To: goldsnow who wrote (4251)	12/14/1997 3:02:00 PM
From: mike h	Read Replies (1) of 116836

I apologize if this is a stupid question but I keep thinking back that there used to be the threat that the IMF would sell part of it's huge gold reserve. My memory is probably wrong but I seem to recall that Germany put an end to that at the time. My question is does the IMF still have huge gold reserves? The reason I ask is because Bill Seidman on CNBC said the IMF was broke and couldn't finance any more bailouts by themselves. It just seems that if the gold is there the preasure to sell may become irresistable. I am sure if they do sell it will mark the bottom . Any clarification would be greatly appreciated. This is a great thread. Mike H

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