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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: philv who wrote (21062)6/1/2004 12:16:09 PM
From: sea_urchin  Read Replies (1) of 80971
 
Phil > I am not holding because I believe any particular future forecast for the POG, rather for its present value.

Look at the stochastic cycles on this weekly chart of the gold price and you will see that the present cycle is turning up from a very low level and the red line is crossing the blue. Now look back on the chart to where a similar event has occurred and you will see that it invariably has been associated with an increase in the gold price.

treasurestatefutures.com

Of course, this is only a graph, not a crystal ball!
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