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To: per strandberg who wrote (37526)	11/14/2000 9:29:00 PM
From: pater tenebrarum	Respond to of 436258

Per, actually the maxpain level is slightly higher - for the IMF. when the debt relief plan involving gold was instituted, the IMF's gold was revalued from $42/oz. to the then prevailing market price of $272/oz. so i guess, but can not prove, that the 272 level is something of a floor. 264 is not too far away from that. furthermore, since demand completely overwhelms primary supply at this price, my guess is that every lever is being pulled to keep it down there to keep the carry trade going.