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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (8076)	2/19/2002 1:46:52 PM
From: cliffp	Respond to of 36161

Paul, YES, please close it. <g>

To: Paul Shread who wrote (8076)	2/19/2002 4:44:47 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Paul. Looks like they rolled out "the deal" today <14:03 ET Bond Ticker : The gold plunge has come in the wake of comments from Bundesbank President Welteke, who said that Germany wants to "slowly" sell some of its gold to move into assets that offer a return beyond potential capital appreciation.> (from a post on this afternoon on SA II, by Chris) And you know from my post last week, I've been concerned that they'd made a deal at the recent G-7 meeting to throw something like this at the gold market. Message 17068567. <one more (terrestrial) consideration I've not posted about before. Since last weekend I've been watching for indications that some back room deals may have been struck at the G-7 meeting to take some starch out of the precious yellow. So far? Not seen anything definitive.> Don't even have a guess as to whether or not there's a second shoe to drop. Certainly the Washington Agreement is going to limit what the Germans or anyone else can sell from this point on. So it's better than even money this was just a PR gimmick to help the commercials cover at a profit. And when actual amounts are eventually announced by the Bundesbank? They'll be tiny. Oh, how those campaign contributions pay off..... Isopatch