Hi Morgy Dog. Check out this statement in following news item.
....." And even when we are allowed to,".....
Is there still more to go before they can actually sell gold??
Zurich--Apr 19--The Swiss National Bank will not begin selling any of its
excess gold reserves after Swiss voters approved the new constitution in
Sunday's referendum, SNB spokesman Werner Abegg said. Through the poll the
Swiss franc's peg to gold is abolished.
"At the very earliest, gold sales will only be possible in the first half
of 2000. And even when we are allowed to, we will proceed very cautiously,
taking the market situation into account," he said. By Bridge News, Story
.11853
Seoul--Apr 19--Trading of South Korea's gold futures jumped 300% to 529,947
contracts during a trial run held Apr 6-14 compared with the previous trial
run, according to Korea Futures Exchange (KOFEX). By Dong-Won Suh, Bridge
News, Story .10170
New York--Apr 16--The strong rally in base metals stocks over the past few
days may signal a metals price rally in about 6 more months and a rebound
in the global economy, said Joyce Bish, Merrill Lynch senior analyst for
Canadian base metals. The general rule of thumb is that metals sector
stocks rally about 6 months ahead of a metals price rally, and metals
prices generally rally about 4 months before a global economic revival, she
said. By Cristine Denver, Bridge News, Story .22720.
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