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

To: long-gone who wrote (14252)	7/8/1998 4:47:00 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 116759

Richard, That extra gold sitting in central banks is like a time bomb... What happens if some central banks decide to sneak a little here and there on the market. Jim

To: long-gone who wrote (14252)	7/8/1998 6:48:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116759

Richard, I think you will agree that a reality of Gold and POG at 290, assures that any EU or other sales would be immediately offset by further production drop...but more important since exploration has already come to the screetching halt...I guess prediction of POG over 1000 make sence. What ECB done is they have confirmed that Gold is Money and would remain so for now and in the future..They an transfer/sell some of it in the form of Gold sale or Dollar sale..and boy they got a lot of Dollars for sale..How about that? Much easier to print Dollars..