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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (9026)3/28/2000 5:48:00 AM
From: sea_urchin  Read Replies (1) of 81019
 
Guree : I gain no pleasure from forecasting downwards movements in the POG. In fact, a fall in the price of gold has a serious effect on the gold shares in my portfolio and on the balance of payments of my country. So, I would be delighted to see a good rise forthcoming.

Unfortunately, since I last opened my mouth on this board, the gold price has fallen $5 and is likely to go below $280. The downward long-term stochastics picture I demonstrated at Digisys is still intact indicating that, IMO, it will be some time before any upward movement is likely.

Nevertheless, I do appreciate my position as "our contraian indicator for gold" and I hope I am wrong.

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