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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: salva who wrote (1166)	4/19/1999 9:53:00 AM
From: Enigma	Respond to of 3558

Salva - from GPM - to which I should add that the Swiss will probably announce their selling plans well in advance - it's in their interest to get the best price possible: To: Don Green (32110 ) From: DoubleD Monday, Apr 19 1999 9:08AM ET Reply # of 32127 So what does it all mean (con't) 1. Now the news is out - it will probably lead to BUY - Sell on the rumour - BUY on the news. 2. The Swiss are not fools - so they won't feed the gold into the market - most likely the gold will be auctioned periodically - and when that has happened in the past it has resulted in a scramble for the metal - eg with the Treasury and IMF sales in the late 70s when the auctions were over-subscribed and it was like pouring gasolene on the flames. It is in the interest of the Swiss to get the best, not the worst, price for their gold, and that means they will have to eliminate uncertainty. So this may, strangely, be a turning point for gold. dd