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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.60

+2.2%

Dec 26 4:00 PM EST

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To: Mark Bartlett who wrote (28167)	2/13/1999 10:00:00 AM
From: Hawkmoon	Read Replies (2) of 116833

Mark, Reserves are meant to be used. Just as the CBs control the available reserves of cash (electronic cash as well), I wonder if they will choose to treat gold in the same fashion. When there is a high demand for cash from the economy, CBs release reserves into the system to prevent excessive interest rates from manifesting themselves because of a shortage of cash and more competition for that cash. Why not gold? Regards, Ron

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