All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: re3 who wrote (6275)	2/2/2000 5:50:00 PM
From: pater tenebrarum	Read Replies (1) of 42523

the good thing is, not one of them expects a big rally. i repeat, the low volatility in gold lately is an indication that a big move could come soon...it may just decide one day to try to catch up with the white metals. or the buck could begin to fall vs. the euro, or maybe some other catalyst that's not yet discernible. of course, the move could be down as well as up, but i don't think so...the previously mentioned dull market rule applies imo. note that the annual supply demand deficit is now 1,500 tons. the equilibrium price for gold is much higher than the current one. since the threat of IMF and European CB selling is gone, the path of least resistance should be up. and then there are the shorts of course...the short position remains huge, and the producers will be very careful with hedging activities in light of the ASL and Cambior disaster.

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