Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (1492)	10/10/1998 2:01:00 PM
From: Robert Dirks	Read Replies (2) of 81154

I have to agree with you again. I cannot find any other explanation for Gold not performing better. CB Gold must be flying out the door to satisfy the record physical buying. If Gold were allowed to jump, lets say $25. in one day, I would expect half my neighbors would be jumping in their cars and speeding to the nearest Gold store. This could set off a massive revaluation of Gold. The Financial powers realize this, and they are pulling every trick to keep this from happening. I look at the Comex open interest rising to almost 200,000, meaning that new contracts were written at current prices to satisfy the buying demand, and keep the price from rising. Of course, the only thing backing these 100oz contract is about $2000. margin. Pretty cheap game if you as me....... I think the name of the game is to anticipate the moves of these entities, not get overextended, and be ready to take advantage.... Regards

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