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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: Angelo Ferraro who wrote (8452)3/18/1998 11:13:00 AM
From: Keith Monahan  Read Replies (1) of 116779
 
This was posted on Kitco this morning:

"The Belgian central bank on Wednesday confirmed that 299 tonnes of gold from its reserves were bought by five other banks. 'The banks were the buyers,' a central bank spokesman told Reuters, clarifying uncertainty over whether the central banks involved had been buyers or intermediaries in the gold sales."

So, it appears that total Central Bank reserves were unchanged by this sale. With gold hanging tough this morning, it would appear that this announcement may not be as bearish as anticipated (imho).
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