Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Crimson Ghost who wrote (1447)	10/8/1998 11:06:00 AM
From: sea_urchin	Read Replies (1) of 81200

Yes, George --- I see what you mean. I have been out for an hour and on return I find the picture is dramatically different. Re POG and dollar --- I don't think the significance of the relationship has effected the market, yet. The yen at 115-120 to the dollar has a completely different meaning to POG than yen at 140-145. At 115, POG of $350 is justified for currency reasons --- quite apart from the technical and short-sale aspects. Which seems to coincide with your opinion. I can appreciate your dilemma about the volatility of the situation. As I have often said, I am such a bad short-term player that I don't even try it. My approach is to hold my gold shares for the next year or two because I believe it will be rewarding to do so. I only hope I will be able to sell at an opportune time. Whenever that is!!

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