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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Jim McMannis who wrote (2398)12/1/1998 5:29:00 PM
From: Zardoz  Read Replies (1) of 80976
 
Around May-June 1999, I expect you'll see a $240 gold per ounce, and a 42 XAU. By Dec 18,98 you'll see a $282 Gold, and 60 XAU. There are many not believing that gold is over valued, and are buying the XAU stocks. And the hedgers are taking full advantage of this. When the Gold stocks break, another Aug 28 type selloff may be applicable. If I owned gold stocks now; I'd sell, and buy call options if I still thought they would climb.... I own puts.

Jan is a historical low time of the year for gold
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