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


To: philv who wrote (20923)5/10/2004 12:28:46 PM
From: sea_urchin  Respond to of 81130
 
Phil > Maybe he is just deluding himself in that regard.

No maybe about it. And he's in a lot of trouble. He bet the bank on a horse and the horse had a heart attack.

> I believe fundamentals run technicals.

What does that mean? Anything you want it to mean. Everything is in abundance. There is nothing that confers permanent wealth and security.

> He is voicing an opinion shared by most gold bugs

So now they may get a wake up call, but I doubt it. But we'll certainly hear more price suppression blah, more conspiracy stuff, more Greenspan. None of that helps. Truth is it's no use hanging on to something which can, and does, sink when one is trying to stay afloat.

> I hope his sorrowful cry comes true

He can cry just like the Iraqis cried in Abu Ghraib jail. His torture has only just begun. And no-one can hear him.

> it just seems so easy to control the price of gold

You didn't want to believe me but there was no increase in demand for gold. The "bull market" was all in futures/options with people waiting for a big price ($1000?)in order to cash-in. Pure gambling. No investment. What did anyone expect? When the plug was pulled, the party was over. But as usual it was pulled too soon.



To: philv who wrote (20923)5/10/2004 8:02:01 PM
From: Raymond Duray  Read Replies (1) | Respond to of 81130
 
philv,

Re: it just seems so easy to control the price of gold.

One think I know for certain. The price of gold is a total artificiality. It is propped up when the world's central banks decide to slow their dumping of their reserves. They can turn on a dime (so to speak) and jack the price up or down at will to satisfy their monetary policy needs.

Basically, gold is the tail of the monetary dog. You can expect a lot of wags, but not much leadership.