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


To: lorne who wrote (70136)5/24/2001 9:32:48 AM
From: ItsAllCyclical  Respond to of 116756
 
>> However, there is a rumour that the Bank of England may cancel the balance of its bi-monthly gold auctions. If that is indeed true, and if that is what has caused the gold price to rise, then the rally should peter out soon after an announcement is made. <<

Why would the rally "peter out soon" if the only reason gold has been down the last 10 years is due to CB sales/leases? Demand has been outstripping supply for the last 10 years. I love how these statements are made so factually...without any supporting evidence. When it comes to gold you only need strong evidence if you think it's going up.

Couldn't it also be that other EU governments would follow Britian's lead? Nahh...