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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Hawkmoon who wrote (26508)	1/19/1999 9:46:00 PM
From: jgibbs	Read Replies (2) of 116764

Ron, (Asked Bill M. the same question over on the Dutch Central thread) <<LONDON, Jan 19 (Reuters) - Gold edged slightly lower in late European trade on Monday on news from the European Central Bank (ECB) that one European national central bank had made a small gold sale in the past week.>> Could this be a way for central banks to report transactions that started out as gold loans but for one reason or another ended up being settled/repaid in cash? Seems to me an easy out that the CB's could offer shorts to cover without rattling the gold market. The sale of one ton, or whatever it was, does not sound like much to me. Sounds more like a trial balloon or sorts. JimG

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