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 (3829)	3/3/1999 4:49:00 AM
From: sea_urchin	Read Replies (2) of 81800

Bill : I hope GATA has big teeth (and deep pockets)! Besides AngloGold, and the big North American producers, it will also have to take on the Australian producers. "Australian gold producers have embraced the benefits of forward-selling gold. Australia's next three years' gold production has already been sold forward at prices above A$600/oz, significantly above current price levels of A$460." bday.co.za Gold enthusiasts may do well to note this admonition : " Meanwhile, the outlook for the gold price, based on forecast production costs, remains dismal. AME forecast the 90 percentile line will fall to $258/oz in 2002."

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