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


To: Scripts who wrote (7280)8/20/1999 10:46:00 AM
From: goldsheet  Respond to of 81137
 
> You have much in common. Selby announced about a month ago that
> he had had enough of Kitco's bugs and would not return until
> January 1 2000 assuming the Y2K event allowed a return.

My frustration with the goldbugs goes back much further. In mid-1996, I tried to tell Vronsky at Gold Eagle his gold supply-demand analysis was fatally flawed and ignoring secondary demand (aka recyling) would blow the entire conclusion that gold would go up. I got completely ignored, the Asians went on a selling spree and gold made its intial move from 400ish to 300ish.

All of this central bank conspiracy stuff is just a bunch of noise from folks who were on the wrong side of the market. It's human nature, if gold goes up the goldbugs claim to be brilliant, and if it goes down they find someone to blame for their own inabilities.