Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Ox who wrote (74186)	9/22/2000 10:09:17 AM
From: Archie Meeties	Read Replies (1) of 95453

Maybe. But gold responds to volatility and chaos - not the coordinated actions of CB's. The FED knows that a little dollar selling/euro buying would give gold a small push, and I don't think they are too concerned about it precipitating an exodus from uds to gold. If anything it reinforces the idea that fiat can maintain its value through CB intervention - an intervention which depends on fiat, not a hard asset! That said, lease rates have been moving up nicely. If that continues it is inevitable that gold will rise.

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