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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: Zardoz who wrote (34616)	5/28/1999 12:28:00 PM
From: long-gone	Read Replies (1) of 116764

<<34618 "but why aren't the european central banks that smart?" Thought they tried to introduce a Euro coin, or was it a Y2K coin? Either way it didn't work to well for Canada, why would it work for them? Isn't this why Peter Munk went to Euro-land to convince them to turn CB gold into coins, more then a few years ago? Or did he go to see how much he could get them to lease to him, and started to agressively forward sell. I really wonder why he really went... hmmmmm Maybe Ken comments are spot on.>> But where Ken misses it(and I have posted this before), some miners sell forward not from leased & loaned gold, rather, from their own mined inventory prefering to borrow cash Vs gold. You will note mined inventories listed for HM, AU & some others. Thus, the forward gold they are using is their own which might well be viewed as an attempt to restrict current supply.

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