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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: m.philli who wrote (7473)8/28/1999 4:40:00 PM
From: Alan Whirlwind  Read Replies (1) of 81271
 
I agree with you that it was curious that Bre-X being a hoax wouldn't be bullish for gold--no 200,000 oz bonanza coming down the pike. But confidence, which is the primary factor in markets, evaporated with regards to metals at that point. The only positive thing I can think of is that low POG and POS = higher mindless consumption. For silver, once used it's getting awful hard to replace.

Searle is right though--even I was unaware of gold production being so high. Silver production is falling though. --Al
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