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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.08

-1.7%

Nov 3 4:00 PM EST

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To: PaulM who wrote (5326)	1/6/1998 9:24:00 PM
From: Mark Bartlett	Read Replies (1) of 116751

Paul, Have a look at this analysis by Robert Pringle ..... puts this BS we have been hearing about CB gold sales to bed vis-a-vis the decrease in the price of gold .... bottom line; many other years, CB sales have been much higher than '97 .... and gold has gone up - sometimes considerably. In fact, '97 sales are relatively small compared to other years. Go to: gold.org IMO gold is being kept low to prevent it from being used by the Asian countries to get themselves out of hot water. As far as I am concerned, you may as well just put a big "For Sale" sign on most of Asia ..... and now they are indebted to the IMF - another level of control over their system. MB

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