Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Broken_Clock who wrote (5861)	5/7/1999 2:38:00 PM
From: sea_urchin	Read Replies (2) of 80892

Papaya : "What do you think of my idea that GS, MER et. al. have been hedging their POG shorts with going long xau?" Quite possible. But, if POG doesn't go up then their longs are a waste of time. And, if POG does go up then they burn with their shorts. I find contradictory play like this, or straddle options, hard to fathom. I don't believe one can make money by arguing with oneself --- only from taking an unambiguous position. Right now, I'm not sure what today's fall was all about but, more and more, it looks like the $280-290 trading range for gold is cast in stone.

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