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To: patron_anejo_por_favor who wrote (152179)2/19/2002 2:17:10 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
doesn't matter...



To: patron_anejo_por_favor who wrote (152179)2/19/2002 2:18:21 PM
From: Rarebird  Read Replies (2) | Respond to of 436258
 
And if they do decide to gradually sell off some of their gold reserves, so what? The Washington Agreement still stands:

usagold.com

The only thing that has changed for the Gold Market here is that some mindless weak hands sold. That in itself is good news.



To: patron_anejo_por_favor who wrote (152179)2/19/2002 3:19:31 PM
From: s.pecunius  Respond to of 436258
 
Yes, just a rumor at the moment, let me try to translate the important passage:
Traders said that BuBa chief Welteke's told the following to Bloomberg:
(Welteke makes a reference to the Washington agreement. And now the key sentence:)
"But I could imagine that we sell something of our gold slowly and reinvest the yields into something that returns a profit."

<g>It seems that he thinks something will yield more profits than gold in the future. Perhaps he wants to buy gold calls or Index puts? <g>



To: patron_anejo_por_favor who wrote (152179)2/19/2002 3:33:50 PM
From: s.pecunius  Read Replies (5) | Respond to of 436258
 
Ahh, found a link to the Bloomberg story. My translation was not too bad - and my suggestion even better? <g>
bloomberg.com



To: patron_anejo_por_favor who wrote (152179)2/19/2002 3:54:08 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Don't worry, Myron Kandell assures us that this is panic and the buys are good now. What a putz, as if it's his business.

DAK