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Gold/Mining/Energy : Gold Price Monitor
GDXJ 107.29-0.9%Dec 2 4:00 PM EST

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To: donald martin who wrote (27565)2/2/1999 2:05:00 PM
From: Enigma  Read Replies (1) of 116791
 
Interesting how that Swiss news is reported - the referendum is mentioned - but last I saw public opinion in Switzerland was opposed (strongly I believe) - also not mentioned is that the sales will take place gradually and over many years - it will probably be a bit like the IMF and Treasury auctions in the past - which were oversubscribed many times over - the other side of this equation will be that other CBs will be among buyers for the sake of stability - assuming it ever happens. Meantime ammunition for the shorters. dd
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