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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (4367)3/16/1999 2:14:00 PM
From: Crimson Ghost  Read Replies (1) of 81065
 
Searle:

I did not mean to imply that I expected civil strife in SA. Just a roundabout way of saying how slim is the chance of a real gold bull as long as the financial establishment is fighting it tooth and nail

BTW, you are wrong about the impact of crude on gasoline. In the US, where gasoline taxes account for much of the price, a rise from $12 to $15 a barrel probably would push gasoline prices up no more than 10-15% in most staes. And in Europe where gasoline taxes are much higher, the rise would be much less.

And these increases are from exceedingly low levels. US gasoline will still be much cheaper than its historical average in real terms even after these anticipated hikes.
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