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


To: The Wharf who wrote (24122)1/18/2006 3:18:21 PM
From: sea_urchin  Read Replies (1) | Respond to of 81209
 
Darleen > I wonder if some of this meaning short covering is keeping the price up?

That's what I think is actually the cause of the dramatic price rises we've seen over the past few months -- and may still see. In fact, the $20 shake-out of the past 48 hours could easily be followed by an even larger jump. The price volatility is now greater than it's been for the past 20 years and could even get bigger. You once mentioned a bubble.

> Apparently some people are now selling jewelery as scrap at least in India

That's peanuts compared to the transactions in "paper gold" where I imagine billions of dollars, certainly hundreds of millions, change hands every day.