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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (1591)10/16/1998 10:30:00 AM
From: Jim McMannis  Read Replies (1) of 81187
 
Searle,
It's good to know that Greenspan still has some clout left by cutting rates rather than the "pushing on a string" scenario the depressionists had been wielding on the markets of late. Definitely takes the punch out of the Safe Havenists at this time. They haven't been right since 1929 anyway.
I sold half at approx. 83 on the XAU and some more at 87 but that doesn't mean I won't buy back, of course. I'm in agreement with some that the big move in gold isn't due until 1999 as all this lighter fluid that's being poured on the fire may not begin to ignite until then.
Now they are talking about AG generating a "soft landing". Better for golds prospects but still smoke and mirrors at this time because the economy hasn't even started to tank yet.
Regards, Jim
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