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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Gary who wrote (629)8/17/1998 6:40:00 AM
From: sea_urchin  Read Replies (1) of 81019
 
Mr Muench and Gary : I am not clairvoyant!

Nor have I a vested interest in flogging gold or gold products or gold shares or gold stories.

And I, too, can see that the gold/XAU price has been / is going one way --- down. In fact, I would imagine even a blind person could see that.

I also know that, from the historical relationships, there will be no bull market in gold (of any consequence) while the US dollar is strong (= weak Yen).

But, am impressed with the consolidation pattern which has built up in both gold/ XAU since the beginning of the year. To me it seems we are at a critical point now. If the price holds, there could be a reversal. If the price falls, then continuation of the bear market, to wherever, is confirmed. As Mr Auger forecasts.

I just didn't see the picture as being so cut-and-dried but, maybe, it is?!
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