Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Ken Benes who wrote (8602)	12/2/1997 12:01:00 AM
From: Jaakko	of 10482

Anybody who thinks he will have an effect on the market through an announcement is suspect of being invested in that side of the market (short in this case). The Swiss are close to the gold action for many reasons, and they may know what we don't. E.g. gold will go up long term, but down short term; "the trend is your friend" and "don't fight the trend"...so they go short via put options and futures before their announcement and cash in after gold has tumbled. They can sell their CB gold years later when gold is higher. I read somewhere (Kitco?) that the referendum on selling the gold isn't until 1999!!! Then they have 11 years to dispose it, if I read it correct!!!

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