VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (47817)	2/20/2002 12:16:31 PM
From: Clappy	Read Replies (1) of 65232

The gold plunge has come in the wake of comments from Bundesbank President Welteke, who said that Germany wants to "slowly" sell some of its gold to move into assets that offer a return beyond potential capital appreciation. If I had that much gold to sell, I'm not sure I would tell the world that I plan on selling it. That would only drive the price down further wouldn't it? I think I would sell it while it's high and afterwards let the world now what I did... There might be some sort of ulterior motive behind that announcement. -Clappy (Who in reality would end up selling all his gold at the market bottom in a panic...)

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