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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Scripts who wrote (6849)7/23/1999 3:55:00 PM
From: Tom Byron  Read Replies (2) | Respond to of 81176
 
ed:

the central bankers of the world have been attempting to send the price of gold back into the ground from whence it came....if they can bring it down/below "production" costs... they will have accomplished their long term mission/goal....:(
but i'm afraid that they will have buried a few gold buggers with it..:((



To: Scripts who wrote (6849)7/24/1999 5:50:00 AM
From: sea_urchin  Read Replies (2) | Respond to of 81176
 
Ed : I have totally lost interest in the "portfolio". Some months ago when I last looked certain shares had been delisted! The exercise was a dismal failure.

Re the theoretical price of gold, at the end of June when I last did the calculations, my long-term regression models indicated that, providing the US dollar doesn't get stronger which it hasn't, the present price range would fall into a buying area. Nevertheless, I would like to see it happen before I started sprouting about it. If, however, a "buy signal" is in evidence this would be the first such signal since the bear market started in 1996. In the circumstance I would be constrained to recommend a buy. Watch this space!