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To: long-gone who wrote (21960)10/19/1998 4:41:00 PM
From: Zardoz  Read Replies (1) | Respond to of 116764
 
Some countries CB have laws where they can't sell their gold holding; Germany for example. Others require reporting it in advance; France, Belgium, Switzerland. And others, like Canada, changed the laws so that they could sell in advance, and than report.

PS: If Argentina was to sell, the premise is that other's might as well. Rumour is that Switzerland wants to part with many tons.



To: long-gone who wrote (21960)10/19/1998 4:42:00 PM
From: waldo  Respond to of 116764
 
Richard, many are asking the same question...looks like ABX is taking advantage of the Andean Mountain (on the Chilean side)gold play as well.

Barrick seeks more reserves at Pascua-lama site

BUENOS AIRES, Oct 19 (Reuters) - Canada's Barrick Gold Corp expects to discover by year end more reserves at its Pascua-Lama gold find straddling the Andes mountains border between Chile and Argentina, a senior company official said.

   As drilling resumes following winter's thaw the site boasts proven and estimated reserves of 11.2 million ounces of gold, 335 million ounces of silver and six million ounces of geological resources.

canoe.ca

W



To: long-gone who wrote (21960)10/19/1998 4:49:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116764
 
Richard: Argentina could be selling and talking about it because of US pressure. Perhaps they have been told -- no help from IMF until the gold is sold.

Sad but true that whenever gold appears ready to break out, a new seller or potential seller comes along. Coincidence? In the words of the great Duke Wayne -- "Not hardly".