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

To: Mike Roberts who wrote (20852)	10/6/1998 1:34:00 PM
From: E. Charters	Respond to of 116871

The IMF is selling gold because they are broke. This proves gold is equivalent to money as much as the IMF would like to deny it. The question is when is Japan going to start selling American T Bills? This will be the crunch and I predict it will have to be before January. If the Swiss sell gold and the Europeans sell gold to pay debt partially and buy the US T bills it may initially send the price down. But the calling in of the gold loans may drive prices up. There may be 400 dollar gold by January. EC<:-}