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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: lorne who wrote (33706)	5/12/1999 8:55:00 AM
From: John Hunt	Read Replies (2) of 116764

<< The UK is believed to be one of the biggest central bank gold lenders so its announced sale will not have much impact on the physical market because the gold is essentially already in the market, he said. >> Morning Lorne, According to the article, the B of E was a major player in gold leasing ... If the B of E already leased the gold and sells it to a market maker on the London market, either to cover their short position or to go long, this has to be good for gold prices, doesn't it? John

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