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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (6889)7/26/1999 11:48:00 AM
From: PAUL ROBERTSON  Read Replies (1) of 81192
 
Tom,

Chart wise it is truly a 50-50 scenario. A breakdown followed by a return to the break point ending in sharply lower prices or a false break followed by sharply higher prices. The US buck may be giving us the biggest clue of all as to which way gold may go. To me the feds hands are tightly tied right now. They must stay loose or deal with a possible sliding global situation once again. This is why, even in the face of lower money supply figures, gold looks like the way to go for quite some while. If the fed is indicating that they are backing away from trying to control the situation, then gold be the choice once again. At this point, as each day passes, I like paper less and less.

Paul
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