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


To: Enigma who wrote (8395)11/23/1999 11:22:00 AM
From: PAUL ROBERTSON  Respond to of 81266
 
dd,

maybe, maybe not. At this point who really cares except maybe Gata. With a 100+ tonne supply deficit, lets get all the favors and smart money sales out of the way, that way, if and when it runs it may actually come with smaller and tighter corrections causing for an accelerating move. i hope all have sold as much as they can and more as that is how great moves take place and judging by the way the CB's etc... have been working this market over the years, what a move it may be. One thing is for certain, the calling in of favors by the fed from Kuwait and possibly Jordan are making the deficit more clear by the day. If AG leaves the fed next april, what a move we could see into next summer, specially with all the global money stock growth now, no matter how it is being created. Imagine if the price just bides time until 2nd Q next year with lease rates as they are. Tom would have the exact week that the 38wk cycle next turns up. i was thinking perhaps a move to $500-600 but as i watch it i am beginning to think that a technical move back to old highs with a pullback from say the $850 level would be cause for an incredible chart formation, indicating a multi year bull in force. All i ever read is how the CB's have about 32 thousand tonnes of the stuff in the vaults, i bet the amount available to them now is far less, perhaps as little as 50% of that figure. Please excuse my bullishness.

paul