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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Baba 2 who wrote (35289)6/13/1999 1:28:00 PM
From: Enigma  Respond to of 116764
 
Munk's inclusion is a little preposterous. d



To: Baba 2 who wrote (35289)6/13/1999 2:15:00 PM
From: Don Green  Read Replies (1) | Respond to of 116764
 
Bank Gold Sales to Equal at Least Nine Months' Output; Lower Prices Seen
By Mark Deen

Bank Gold Sales to Push Prices Lower, Crimp Profits (Update2)
(Adds investor comment in 4th paragraph)

London, June 13 (Bloomberg) -- Central banks and the IMF are
likely to sell gold equivalent to at least nine months' global
output within five years, squeezing mining companies profits and
pushing prices below current 20-year lows, analysts said.

Gold has dropped 10 percent in the five weeks bloomberg.com