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

To: Enigma who wrote (55849)	7/6/2000 11:37:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116815

not all of them...there seem to be two camps. one is interested in the PoG staying low, as a rising PoG is seen as a vote of no confidence in the fiat system. this is especially true of the heavy printers. i also believe that e.g. the BoE announcement was related to a desire to protect the vast leasing market which is in effect short. of course i'm only speculating here, but why pre-announce a sale? the announcement shaved $40 off the price within weeks...why was the BoE not interested in getting the best possible price? otoh, there are a few 'gold-friendly' CBs like the Bank of France, which has to date shown zero interest in selling its hoard and is presumably not all that happy to see its value diminish. but probably it is taking a philosophical long term view: the gold is there for a rainy day....