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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Lucretius who wrote (3148)1/21/1999 10:34:00 AM
From: Zardoz  Read Replies (1) of 81071
 
Once agian the prevaricator Lucretius Taurus starts with a personality attack. "the clown strikes again."

Then spouts this:

"As for gold hurting the EU... ho ho ho... you're crackin me up again. check you currencies again... the dollar has been headed down."

Maybe you should check your data again.
decisionpoint.com
Kinda a pretty chart aint it... So WHY do I think it'll break to the upside in the next few days... Well, Lord Greenspan, my buddy, has backed right off on the M2. He has formed a tightening biased, as displayed in the discount rates. He will want to cool the economy fast. You can come to whatever opinion you want on what he said, but the "Numbers speak for themself" {CNBC}

On 1998/07/28 Gold was at $290.60 and the USD index closed at 100.6
if we NOW use the POG at $290.60 again and a US Dollar index of 94.5, then the US DOLLAR has depreciated by 6%, and GOLD has also. Now if we assume that the US dollar index finds it's way back to 100, then the price of GOLD depreciation will show... So a 94.5 -> 100 is + 5.82%
But due to currencies, the POG may not rise; relative to other currencies, such as those in the US Dollar index. So in that case the 5.82% is a negative for gold. $290 * (100-5.82)% = $273
Now today the US Dollar index is down {0.26} as we speak, and gold has risen by $0.80 - $1.00 this shows that gold is still based in currencies, and feeling it's effects.

Why would the US dollar appreciate? Higher rates. Why do you think the Euro will appreciated, in a falling gold price?? Have you been hearing about the german riots lately? What is the unemployment in Europe? Are they anywhere NEAR Y2K compliant?

Have a great day. Some day you may actually be right.
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