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


To: Alan Whirlwind who wrote (14590)6/28/2002 2:18:51 PM
From: sea_urchin  Respond to of 82336
 
Unfortunately.



To: Alan Whirlwind who wrote (14590)6/29/2002 10:06:38 AM
From: sea_urchin  Read Replies (1) | Respond to of 82336
 
Al, this is not an optimistic picture for the gold price in the short-term.

treasurestatefutures.com

In fact, I would not be surprised, after it's recent very sharp falls, to see the USD mounting a technical "recovery" of sorts.
treasurestatefutures.com

In fact, the way the stockmarket shrugged off the $2bn profit "adjustment" by Xerox on Friday adds to my opinion that the markets, generally (ie USD and Dow), are now able to digest/ignore bad news. It won't be long before we are being told of the amazing "recovery" being made by the US economy.

It looks like the best thing for us to do is to close the shop and go on vacation for a while.

Also, I think it's necessary to mention again that, because of my own personal position, I would rather hold gold shares which are going down than other South African shares which may not be.