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


To: PaulM who wrote (3707)12/1/1997 2:28:00 PM
From: Alex  Read Replies (3) | Respond to of 116815
 
Paul. What I can't understand is why the Swiss, or any potential CB seller, would go to such lengths to talk the price of the gold they want to sell down. They have already lost 25% of the value of their gold this year without selling an ounce. At this rate there will be nothing left to 'flee to quality' with by the time they sell. They must be betting on one hell of a yield to recoup losses.