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

To: philv who wrote (20857)	5/2/2004 10:22:37 PM
From: sea_urchin	Respond to of 81263

Phil > Seems to be an almost universal pessimism about the near term anyway Interesting. I don't know why they are "pessimistic"? If they can see that gold is not the place to be, then they should accept it and watch where the play moves. There are seasons to everything. There is always money to be made somewhere. Or should I say "paper money"?! > The US dollar is soaring for some reason I don't understand and gold speculation was dealt a big blow consequently. I don't either, but the USD is firm, I wouldn't say soaring, but certainly not tanking. Gold is weak. > I just can't see the FED raising interest rates very far or fast any time soon. Expect the unexpected. Long term rates above 4-4.5% will be enough for the next few months. > Have you been following the S.A. gold scene? Very bad. If there is not a major devaluation of the Rand very soon, many mines will have to close. But you know I have been saying that for over a year already.