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


To: Crimson Ghost who wrote (63896)2/17/2001 12:34:36 AM
From: Square_Dealings  Read Replies (1) | Respond to of 116764
 
If you owned a lot and the prices actually went up why would you want to sell agressively?

Why not sell a little at a time on the way up? That's what I will do. But of course if it is more profitable to form a monopoly as the bullion banks have, and sell call options for example as your dumping large quantities on the market and spreading negative news (lies?) then maybe I can see why they would sell aggresively.

I have many reasons to expect that price of gold will steadily increase of here, with the wild card that a significant scientific discovery will be made finding new applications for gold that could be a critical technology for example going forward, just as it has been critical to the advancement of electronics industry over the last 20 years.

M.



To: Crimson Ghost who wrote (63896)2/17/2001 10:44:13 AM
From: russwinter  Read Replies (1) | Respond to of 116764
 
I don't think he could mean CB holdings. Only 15% of monetary reserves is available to be mobilized to satisfy market demand. That float is only $150-200 billion. A drop in the bucket.