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


To: Alan Whirlwind who wrote (11273)6/2/2001 4:52:28 PM
From: sea_urchin  Read Replies (1) | Respond to of 81529
 
Alan: >So far you and Searle have pegged it right<

Time will tell but, at least, I am in esteemed company.



To: Alan Whirlwind who wrote (11273)6/2/2001 9:12:44 PM
From: goldsheet  Read Replies (1) | Respond to of 81529
 
> suggesting that deficit will disappear over a few years time

Never did that either. It has dropped from 1700mt to 1400mt over the last four years, but it isn't going to disappear, nor have I suggested it would. It is manageable from scrap, central banks sales, etc.. at a current gap of 1400mt (if you beleive GFMS numbers, which is another topic)

> Claude, on the other hand, believes gold will retest the near 250 lows and then move up to 350 in a few months time. I consider him bullish

I don't think we are going back to $250, so I am less bearish than Claude, and no way do I think it will break $250 like Hutch. Yes, I think we are limited this year to $300, but $350 in possible in the next 12 months. I know 12 months is more than a few months, but I would like to claim to be mildly bullish. From $266 there is definitely much more upside than downside, and I still like gold stocks more than bullion.