Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: long-gone who wrote (3885)	3/4/1999 4:33:00 PM
From: Hawkmoon	Read Replies (1) of 81089

Richard, I DO understand the purpose of forward sales. And I also understand that as the price declines they may choose to buy some of those gold option rights back. However, if we were seeing a mass influx of money being dedicated to buying back previously options, capturing the spread, you would be seeing gold move higher, now don't you think?? That means that these folks as just as responsible for the decline in the price of gold as the alledged "short-sellers". In fact, they are actually joining in the short selling through purchases of forward puts. If the price of gold had bottomed, you would be seeing an influx of long option positions (calls, and selling of puts). Now if the industry that actually mines this stuff, and thereby should know more about it that any of us put together, are still selling forward and not buying back more than they previously have sold, they don't have as much conviction about gold sky-rocketing as you and Ole 49r do. Follow the money, Richard. Follow the money. Regards, Ron

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