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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST
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To: Tom Byron who wrote (8058)3/4/1998 6:15:00 PM
From: Alex  Read Replies (2) of 116768
 
Tom, interesting bit from Kaplans' site.............

Charles von Arentschildt, Deutche Bank AG managing director for commodities, stated on Wednesday that the incentive for the planned European Central Bank to hold a relatively large proportion of reserves of gold had been grossly underestimated by the market. According to Mr. Arentschildt, "We believe that the ECB will be biased toward holding a relatively large accessible amount of reserves as they build confidence in the Euro."
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