Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (1588)	10/15/1998 3:58:00 PM
From: Jim McMannis	Read Replies (1) of 81149

Searle, FED cuts rates...discount .25%... Looks like gold is going back into the "inflationist" scenario and lightening up on the "safe havenist" scenario, for now.... Better in the long term for gold but with a limited upside at this time with so much deflationist thought around....that could change. On the other hand....we may well have seen the low in the XAU for years to come at 49. This due to the quick discounting of a recession...don't want to hold gold stocks in a recession he says.... But now the reflation is starting. I'll be buying gold stocks on dips... I'm sure you'll remember how quickly the gold stocks discount this stuff...kind of like discounting bear markets. Sure, the average bear market takes 8 months or what ever to play out but the lows in the markets are established early in the cycle these days. So, unlike so gurus that are always waiting for "one more dip in the dow to 6300" or one more high in the dollar to 156...I'm not sure will we have either. Personally I think Rubin signalled the high in the dollar months ago and a round of cuts in the world, adding liquidity will result in more of a bull rush...especially in emerging markets... not to mention my favorites, Hong Kong and Korea. What the heck, Jim

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