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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject2/19/2002 12:53:35 PM
From: KeepItSimple  Read Replies (3) of 436258
 
As for gold prices, you know you're about to be scammed, right?

The german bank announced today at 12pm that they are going to start selling gold reserves.

Gold dropped 5 points in 1 minute.

Now ask yourself, whenever anyone who has a lot of stock to sell on wall street, have you ever *once* seen them issue a press release announcing their sales in advance? Of course not- that would drive down stock prices before they could sell.

Yet central banks think it's a good idea to tell the market they are going to be selling BEFORE they actually do?

Are you folks slow? It couldnt be MORE TRANSPARENT! The central banks are putting up a last stand against gold- trying to keep fiat currency as the worlds reserve. If gold were to become the worlds reserve, every central bank on EARTH would collapse overnight. Period.

Get a clue. Buy gold. Hold long, and take physical delivery. Get ready for government confiscation again- they dont want the competition for their fiat currencies.

I am still in shock that the german bank announcement actually worked. The speculators jumped just like they were intended to..
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