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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Alex who wrote (33353)	5/7/1999 11:07:00 AM
From: Zardoz	Read Replies (1) of 116764

I was just wondering if Britain is planning and has started to do with their gold as Canada has? Buy foreign bonds, in this case USA? Maybe they had become to attractive that they needed to start to take this action to get the sales done ASAP? If this is some devaluation plan by Britain, then bond return would be far better then hoarding the gold in a vault. Maybe they suspect that within two years that US rates will peak, and the US FEDs will lower yields, and they want to catch the cycle? PS: I've said a long time ago, that any manipulation in the GOLD market was Britains. Now I wonder if GATA will go after Britain?

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