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

To: Zardoz who wrote (32842)	4/29/1999 3:50:00 PM
From: Enigma	Respond to of 116753

"Why does the IMF need GOLD" Because it is a lending institution - and gold is it's main asset. dd

To: Zardoz who wrote (32842)	4/29/1999 3:54:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 116753

<< Why does the IMF need GOLD? >> If I remember correctly, the IMF doesn't have any gold itself, it only holds gold deposited by the members for their own account. That is why they need the approval of 85% of the members. Someone please correct me if I am wrong. John

To: Zardoz who wrote (32842)	4/29/1999 4:00:00 PM
From: goldsnow	Respond to of 116753

Why does the IMF need GOLD?>> Hutch, let me tell you Russian Joke.. "Business-Russian Style" Russians steal truck with Etanol, they make Vodka , bottle it and on the way to the Market they drink it all... IMF sell gold waist money and ask US Congress (taxpayers) to send more dollars...

To: Zardoz who wrote (32842)	4/29/1999 4:05:00 PM
From: Enigma	Respond to of 116753

Guess the IMF's main asset is its loans - gold being a reserve asset whether contributed by members - or loaned by them? dd

To: Zardoz who wrote (32842)	4/29/1999 4:10:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116753

Very funny how each of the first 4 replies settle on answering WHY the IMF needs gold, and ignored the rest. You guys in denial, without a paddle? 1) Has the open interest in the futures gone up or down, considering the gold's directions? 2) Is the volume of the futures significant today? 3) Has the BASE stocks moved faster then the POG? 4) How has monetary currency fluctuation affected GOLD this week? As I suggest: "b) as someone asked, what does a strong close here (above $285) signify?" Nothing. Neither did the low of $280. And neither does the XAU climbing to 75. Come on, someone answer how this POG at $286.00 is significant?