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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (5975)5/10/1999 7:47:00 PM
From: Broken_Clock  Read Replies (1) of 81164
 
From Kaplan:

<At 3:24:20 a.m. EDT on Friday, August 28, 1998, gold touched $270.50 per troy
ounce, its lowest spot price since May 30, 1979. Not coincidentally, the U.S. dollar topped
out the previous day. As with the prices of the shares, the triple bottom for the yellow
metal has been recovered, while the downward trendline dating back to the first week of
February 1996 serves as key resistance. Spot gold briefly broke above this downward
trendline in March 1999 but could not hold; it briefly touched $275.50 per ounce in
the morning of Monday, May 10, 1999.>

I see momo taking pog to a new low. XAU showing relative strength....perhaps pog drops then xau slowly grinds down? I was expecting a faster collapse in the xau.
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