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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (42976)10/14/1999 2:42:00 PM
From: Zardoz  Read Replies (2) | Respond to of 116762
 
Is this your Rumour Richard?

Cause I like mine better: {PS, spread it around}
After the conference call for ABX, it was realized that ABX has much more to forward sell then many knew. And as such would become more profitable selling it. After all, few gold producer make money sitting on the stuff. And as such a lower price of gold is BEST for ABX.

Hutch
PS: Aint rumours fun?
PPS: The FRB bought 5.5 tonnes of gold during the last rally, so if they did sell any, it's cause they overbought.



To: long-gone who wrote (42976)10/14/1999 3:15:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 116762
 
Today's gold price drop should not have surprised anybody. The very poor action of the gold stocks indexes (unhedged as well as hedged producers) signalled that bullion was going to drop sharply before long.

Further weakness in the cards until the stocks no longer follow bullion down. Then BUY LIKE HELL for the second phase of the bull.



To: long-gone who wrote (42976)10/14/1999 7:37:00 PM
From: Robert Dirks  Respond to of 116762
 
I smell something in the air, and we should be getting some kind of idea what's going on behind the scenes - soon.
This is very very strange action in the GOLD markets......