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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (3579)2/20/1999 6:49:00 PM
From: Hawkmoon  Read Replies (1) of 81821
 
Bill,

Doesn't raising the lease rates hurt gold longs as well??

I gave it some additional thought and it seems to me that a rate hike would impact the speculative side of the gold market in a way similar to hiking margin rates or requirements on equities.

Basically it would force gold to operate on more of a cash and carry basis instead of permitting the speculators, both long and short, from controlling it.

Whaddya think?

Regards,

Ron
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