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

To: Gary H who wrote (18918)	9/5/2003 10:20:19 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81186

Gary > Even with your advancing Rand, gold is moving up. Ha! Yesterday the SA Reserve Bank announced it was having an emergency meeting next week and, on the strength of that, the rand weakened a lot (as you see on the Kitco chart). This, together with the few dollars rise in POG put the Rand price of gold up quite a bit. > Are you participating? No, I get too many mixed signals so I'll give it a break for a while. I've put my cash in beer (SABMiller) --- at least then I can pee it against the wall if it doesn't perform! Here's the chart on the LSE. static.moneyweb.co.za BTW, I put up the charts because it seems to me that if one wants to hedge the USD the short-term prospects for the Euro or SFranc look better than for gold which is distinctly "toppy" against both of them.