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

To: Edmund Lee who wrote (17783)	9/6/1998 9:13:00 AM
From: The Street	Respond to of 117113

Interesting thought.

To: Edmund Lee who wrote (17783)	9/6/1998 9:44:00 AM
From: Enigma	Respond to of 117113

Edmund - I don't think the US would have been a buyer - other banks probably, or just the regular market. There was a very interesting series of posts a while back - which for some reason gave rise to little comment. The gist of it was that the daily volume of trading in London of physical gold is huge. These central banks sales, or rumours of them, can easily be absorbed by the London market - the effect on the market of news of them is mainly pycological. I thought at the time that the details of the London daily trading was about the most important thing ever posted on this string - yet it just floated by! I can't remember who made the posts Maybe someone else can? As for the Luxembourg and Canadian sales they were probablty anticipated and discounted, maybe the market no longer pay attention to fools? Bullish? E