Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobby Yellin who wrote (40998)	9/27/1999 12:07:00 PM
From: goldsheet	Read Replies (3) of 116764

> I hope you and others speculate as to why the change > in policy by Central Bankers? Forget to answer this earlier, but I think Ron Struthers has it right, it is more a change in market perception than a change in policy. Over the last ten years central banks, on average, have sold 300 tonnes per year, with a peak of 622mt in 1992. 1997 was 406mt, 1998 was 412mt, so announcing a cap of 400mt is confirming that they are going to kept doing what they have been doing all along. The Swiss, BOE and IMF pre-announcements got folks too worried and they overreacted to the downside.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next