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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: paul ross who wrote (8037)	3/3/1998 9:23:00 PM
From: Terry Rose	Read Replies (2) of 116779

Paul, I fail to see the logic behind the implication of more Central Bank gold sales because the gold lease rate is rising. If more gold sales occur, then there would be more physical gold available and less tightness in the market. Which should cause the lease rate to decline. The negative spin from the Central Bank of Portugal was once again predictable as to it's timing. Terry,

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