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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (4036)3/9/1999 9:22:00 PM
From: Hawkmoon  Read Replies (1) of 81023
 
Easy come... Easy go...

kitcomm.com

Bill,

I'm not the one feeling especially morose. After the "correction" back in August, I was very close to looking to put the family assets into gold and gold stocks. I would be feeling morose had I done so at that time.

Now I'm just being more rational about the idea, weighing the pros and cons and looking to see which way the economic winds blow.

The intensity of the shorts to hold the line is why the price of gold sold off today from today's high of $294.10. Goldman Sachs led a barrage of selling that took on spec short cover

But weren't there reports of large mining companies selling also??

Are they short as well? Or do they suspect there will be more deflationary pressures (look at oil prices)?

economist.com

Regards,

Ron


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