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


To: Gary H who wrote (17227)2/18/2003 4:56:15 PM
From: sea_urchin  Respond to of 81213
 
Gary, the XAU is still well below last May's values at which time POG was only $310.

kitconet.com

This shows how far the gold shares had run up in advance of gold's subsequent rise. Anyway, as you say, gold shares are quite steady notwithstanding the recent fall in the POG. Here's a one week chart of the XAU:

ichart.yahoo.com^xau

There may be some good news coming as regards the gold price --- the lease rates are going up a bit. Either people are borrowing because they see a price rise ahead or they are short selling in which event the short-sales will have to be repurchased.

kitconet.com