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To: Terry Whitman who wrote (45806)6/8/1999 8:47:00 PM
From: Lucretius  Respond to of 86076
 
ho ho.. heard that one before (and at higher prices) (BG)



To: Terry Whitman who wrote (45806)6/8/1999 8:58:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
This ain't no stinkin' bottom. Luc says gold is a barbaric relic and we're going to $5. -ng-

MARKET REPORT(6/8/99): Gold got hammered again this morning in New York following an equally disastrous session overseas. The Reuters London wire reports "aggressive selling" in Tokyo and Sidney that carried over to London with gold testing support at $263. With the Bank of England sales coming up, there continues to be a virtual absence of aggressive buying in the options and futures' markets. Once again, we raise the question why any official seller of gold would announce the sale before the fact and drive the market substantially lower. The Bank of England has thus far lost just under $700 million to the market and we are still nearly a month away from the actual sale. Please note the virtual silence from the Blair government and Bank of England on this issue despite the growing opposition among the British people. As we have said here repeatedly, there is substantially more to this sale than meets the eye. If we continue to hear reports of strong physical purchases, the obvious question will arise: Are certain counterparties in the gold market filling shorts of physical metal with this gift wrapped opportunity courtesy of BOE?..................

usagold.com