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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%Nov 12 4:00 PM EST
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To: long-gone who wrote (30162)3/16/1999 4:47:00 PM
From: goldsnow  Read Replies (1) of 116756
 
Gradual Sales

Treasury officials said if Congress approves a sale, which
the administration estimates would generate $1.5 billion, gold
would be sold gradually over time so as not to rock the markets.
''There is a growing willingness to sell gold, a willingness
that wasn't there before,'' said Joseph Foster, portfolio manager
at Van Eck Gold Resources Fund in New York, which manages about
$50 million of gold equities. ''No one knows how far down this
can take gold.''
quote.bloomberg.com
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