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


To: Real Man who wrote (88297)7/24/2002 4:18:29 PM
From: long-gone  Respond to of 116764
 
<<It seems quite obvious right now that part of the Fed forex reserves (gold only!) was sold or swapped to support the falling buck, maybe a significant part>>

Might it not have been some sort of intricate loan / lease arrangement? Did you see the slight up move in lease rates? What seemed very strange, lease rate rise happened as gold price decreased?

Could the fed have loaned money & there was a quiet agreement that a few troublesome gold loans might be cash settled - one last time?

(sorry about the quite / quiet first pass typo)