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

To: long-gone who wrote (31802)	4/15/1999 12:05:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 116767

Richard : Yes and no. The media in SAf is opposed to IMF gold sales (as I am) in order to raise funds for poor countries. They do not, however, suggest that any conspiracy is involved or deliberate attempt to keep the gold price down. It does seem that Trevor Manuel, our Minister of Finance, couldn't stop the proposed gold sales and so he suggested that representatives of affected countries (gold miners) should participate in decisions being made. Which, I suppose, is all he could do. Whether they listen is another story. But it does imply that any price rises will be capped by immediate sales. If IMF etc are pushing out their gold, and thereby putting pressure on the gold price, I wonder who and why anyone would want to buy?