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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST
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To: Rarebird who wrote (37058)7/12/1999 8:09:00 PM
From: Hawkmoon  Read Replies (2) of 116777
 
How often is the threat actually carried out in its severe form if the child disobeys? Seldom.

Rarebird,

Interesting commentary and analysis.

But wouldn't a rise in the price of gold then remove the best arguments that now exist against CB and IMF sales, namely how they are injuring the gold mining industry by dropping the bottom out of the POG??

Now that the cat is out of the bag, any upswing in the POG will provide CBs the ammunition to say "see... we have to sell gold now since you all complained about how we were crushing the price selling out little 'ol 25 tonnes of the stuff, and we can do it because there is price support".

And then the cycle will begin all over again.

Regards,

Ron
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