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

To: Ken Benes who wrote (35648)	6/21/1999 4:56:00 PM
From: Enigma	Respond to of 116790

I don't think anyone knows how much gold has been leased out - that is a problem. Nor am I sure the CBs are all inclined to sell gold - this is the conventional wisdom and you know where that gets you in the investment field. I think we may find after the dust settles that there are CBs who don't take the same side as the Brits, and the US may be in that camp. This Labour Govt. has been extreme in some ways including its attitude towards gold - which may well be a result of prejudice on the part of Gordon Brown who apparently 'hates gold'.The Govt. has some powerful ministers who Blair seems content to run their own fiefdoms. From what I've read the B of E was steamrolled into this action. The reason I think the B of E sales should proceed is that we may well find that the auctions are very much oversubscribed and we could have a turning point as in the 70s.