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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: goldsnow who wrote (34697)5/30/1999 11:10:00 PM
From: Zardoz  Read Replies (2) of 116786
 
"The more gold they sell the less euro it buys..So sell dollar?"

For how long? From before:
"Forward- looking investors, anticipating the collapse and resulting exchange rate movement, have an incentive to attack the central bank and purchase its reserves before they run out. Left with no reserves, the central bank is forced to abandon the fixed- rate regime and allow the rate to float."

So they sell the buck, then GOLD? Didn't Soros show Britain that it just doesn't work? 1992
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