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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (29913)	2/25/2008 11:49:24 PM
From: rotweil	Read Replies (1) \| Respond to of 217890

You can only sell once. You can threaten to sell many times MF gold sales timing unclear - Treasury's McCormick Tue Feb 26, 2008 1:36am IST WASHINGTON (Reuters) - U.S. Treasury Under Secretary David McCormick said on Monday it was still unclear when the U.S. Congress would be asked to approve proposed International Monetary Fund gold sales and the move would depend on implementation of the IMF's reform agenda. "We've done a fair amount of work already in terms of doing outreach to members of Congress," McCormick told an audience in Washington, saying there was already bipartisan support for the move. "We would hope that we will be able to build support for action while President (George W.) Bush is still in office. If that turns out not to be the case given the timing then we hope the work we're doing will lay groundwork for the next president," he added. in.reuters.com; Edit/Delete Message

To: TobagoJack who wrote (29913)	2/26/2008 5:18:57 AM
From: Maurice Winn	Respond to of 217890

TJ, it's not very exciting; it's just gold moving from one hole to another, or more likely, a piece of paper moving from one owner to another, with US$ going the other way. Nothing much will change as a result. 400 tons of gold isn't a big deal. Isn't there something like 10,000 tons hiding in various holes in the ground already as well as hanging around necks etc? It's like the "rescue package" of $100bn or $200bn = too trivial to make a significant difference. Mqurice