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 (2044)	11/4/1998 5:02:00 PM
From: Zardoz	Read Replies (1) of 81130

Hutch to Bill, it's gold that is going down. Bill, I like you. In the face of a gold bear market, you still believe and tout the gold-bug party line. That every $1.00 POG is very bullish. Yet Gold has been dropping off it's high of $300. I'm stealing this quote from #reply-6288430 "Quite simply, gold's daily price chart hasn't looked this promising in nearly two years." Or nearly as bad as the last 18? Recently gold has dropped 11 dollar. So a rise in the POG can be considered normal. The XAU is being supported by ABX (33%) directly. The economics of gold production suggest a lower price. I often said that it's the CDN dollar that is more important to gold, than the USD. BUT, ask youself what caused the POG to rise today. I'll give you 1 hour to figure it out. {come up with at least two items} And if you are write, I'll congradulate you. And than suggest WHY Gold may drop fast tomorrow. Gold is the most mi understood item. People attach emotions to it, that aren't there. Well I'm late for a backgammon tournment at the zone.com

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