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


To: Enigma who wrote (45518)12/3/1999 8:21:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116762
 
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To: Enigma who wrote (45518)12/3/1999 11:27:00 AM
From: Zardoz  Respond to of 116762
 
Notice that the slide in gold today and last few days occurs when London is open, and before NY opening - see Kitco -

Simple answer is often the best. Someone is holding to much gold in London. Maybe they got concerned on the technicals of gold, and sold out. Also, the selling would likely accelerate into NY opening, but the US Fed is likely buying. Either way, the real value of gold is not priced on history, but on perception of the future. And in my opinion it's lower then $280

what is the reason do you think?

Hutch