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


To: Alan Whirlwind who wrote (14471)6/22/2002 2:04:53 AM
From: ubetcha  Read Replies (2) | Respond to of 80915
 
Alan, Welcome back to the battle. Have been carrying on with out you with limited success. Tried to retake hill 325, but missed it by a 1/10 foot. Will have to try again next week. As far as month end killing gold, do not think it will happen. The $ took to big a hit Friday. The fight against gold going up is becoming more difficult with more fronts being created.
1. Gold is creeping ever upwards.
2. The markets have had three bloody days, and attempts to get them to fly have been have been met with ill winds.
3. The trade deficit is getting to the point of being ridiculous. The dollar really is making it difficult to swallow taking it as trade for goods. This may turn into a free fall that cannot be stopped.
4. The government is running out of money.
5. The American people are running out of money. The only bubble left is the price of homes, and they are already financed at 125% of value. If this bubble breads, Alan could have the big one.

Even Allen can not print enough to get us out of this mess. Of course we will soon be receiving purple $20's that will help us to spend more. It will look more like funny money. There go the good old greenbacks.

Interesting day Friday. Gold goes up, and gold stocks go down. This usually means down pressure on gold to follow, but I do not think this time. Next week may be worth waiting for.

GO GOLD!!

Terry



To: Alan Whirlwind who wrote (14471)6/22/2002 8:47:02 AM
From: sea_urchin  Read Replies (2) | Respond to of 80915
 
Al >Do you see end of month killing gold on Wednesday/Thursday/Friday as it did end of May?

I haven't worked out any day/month relationship for the action in the gold price. Which means to say I haven't looked into it, not that it doesn't exist!

Meanwhile, since you were here last which is only a few days ago, the USD Index has taken a smack from 111-112 to 108-109. Also, gloom and doom appears to have set in on the Dow etc. So, all this will be helpful for gold.