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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (11781)8/13/2001 5:46:11 AM
From: sea_urchin  Read Replies (2) of 81019
 
Guree, I regret to say that every long term gold investor has been looking at that line since whenever but, so-far, there's no penetration.

Also, please remember it's a RESISTANCE line. In other words, if the gold price doesn't penetrate, and do so significantly, the line will serve as the upper limit to the gold price, which will then be expected to fall below previous lows as the long downtrend continues.

So Poggy has a real hard job on its hands right now if it is going to get through that twenty year jinx. And, the only way that's going to happen is if there's BIG devaluation of USD.
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