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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (39412)5/8/1999 8:53:00 AM
From: yard_man  Read Replies (4) of 86076
 
A lot of these pledges to sell are just that. If gold falls further buy more mining shares. Bonds still lost ground on Friday. These are desperate moves. I think the move in gold comes this year.

It makes no sense for the Brits or the swiss to sell at mutli-year lows or to boldly proclaim they are selling before they do. There's only one reason for the sale announcements -- confidence. Maybe they can keep gold down for a little while.

Heck, look at the half life of the announced sale from the IMF -- it was a smaller sale I think, but someone obviously felt compelled to raise the stakes. I think after a little while you'll see the mining shares shrug this off, too.

Makes you wonder what is going on behind the scenes.
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