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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST
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To: Mark Fowler who wrote (44818)3/9/1999 5:17:00 PM
From: GST  Read Replies (1) of 164684
 
Mark -- Oh ya, one more thing -- China has something like $120 billion in 'official' reserves -- probably more in reality -- and less than 3% is held as gold. They are also gold miners. Lets say they bumped that percentage up to 20% -- lets say a twenty-five billion dollar purchase. Would you want to be on the other side of that trade going even more short to try to hold the price down? And all this is not taking into account the buy side bias that has been creeping into the market, not to mention inflation, Y2K, the end of European gold central bank gold selling or the recent surge in Indian imports -- etc. etc.
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