Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Enigma who wrote (37093)	7/13/1999 2:42:00 PM
From: long-gone	Respond to of 116972

Hardly "good news": Tuesday July 13, 10:43 am Eastern Time ANALYSIS-Gold world abuzz that UK not sole seller By Patrick Chalmers LONDON, July 13 (Reuters) - Battered gold prices faced the prospect of further bearish news on Tuesday, with dealers and analysts speculating that Britain was not alone in selling gold from reserves. Market talk of central bank gold sales, evident since Britain announced last May it would gradually auction 415 tonnes of its 715-tonne holding, has intensified in recent days. ''Rumours about someone selling remain pretty rampant,'' said one London analyst, voicing what seemed to be a widely held view expressed by dealers and analysts in the London bullion market. Central banks and bodies like the International Monetary Fund (IMF) hold some 36,000 tonnes of gold, over 11 times annual jewelry demand and dwarfing 1998's newly mined supply of 2,555 tonnes, according to Gold Fields Mineral Services data.(Cont) biz.yahoo.com But heard locally that Von Finck is tiring of more HM stock & in the ground gold and has begun picking up bullion in his usual big big way.