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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (2470)12/7/1998 3:50:00 PM
From: Zardoz  Read Replies (1) of 81280
 
With Gold up, and the XAU not rising dramtically, I would speculate that much of todays action on gold stocks is massive shorting. Maybe some wise future trader decided to technically bump the futures on a weak day. Since the XAU did not move in unison with the Gold rise, maybe a wall has been made on the XAU. An upper resistance.

You could very well be right. The charts are still very bearish for gold and the XAU/GOX.
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