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


To: John Hunt who wrote (45594)12/6/1999 5:47:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116762
 
Hutch, DD & Others Re OT Items

Let's see if I have this right.

No way Y2K induced oil shortages, Y2K economic disruptions, Y2K riots in the streets and extra Y2K Fed cash might affect the price of gold ... The old relationships that have lasted for centuries are all dead ... long live the new era.

Instead let's leave GPM to those that wish to manipulate the market in a direction that supports the trades that they currently trying to enter (That's right, I really don't think some of you guys are as dumb as you let on), with an occasional unsupported personal opinion about Barrick's wonderful leasing program thrown in for laughs.

As the saying goes, "When pigs fly".

:-))

John

PS - All my posts clearly indicate what they are about on the first line. Hit NEXT or set me on IGNORE, if you don't want to read them.



To: John Hunt who wrote (45594)12/6/1999 6:24:00 AM
From: Alex  Read Replies (1) | Respond to of 116762
 
Dutch central bank to sell 100 tonnes gold next year

AMSTERDAM (AFX) - The Dutch central bank said it will sell 100 tonnes of gold next year as part of a five-year plan to sell 300 tonnes.

The sale is part of an agreement reached Sept 26 with 15 other European central banks to limit total gold sales to 2,000 tonnes over the next five years. The Dutch bank's share over the five-year period is 300 tonnes.

The Bank of International Settlements in Basel, Switzerland will coordinate the sale, the Dutch bank said.

The bank said even after the sale "the Netherlands will remain a significant goldholding country with a gold stock of more than 700 tonnes."

cjs/vs For more information and to contact AFX: www.afxnews.com and www.afxpress.com

¸ Copyright 1999, The Nasdaq Stock Market, Inc. All Rights Reserved.

******************************

Odd how gold exploded to the upside on the announcement of restricted sales and now dives when the same sales are occuring.