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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (17393)4/17/2007 7:47:56 PM
From: energyplay  Respond to of 217616
 
The gold is still in Fort Knox. There is some rumour to the effect that some German banks bought some gold about 100 million of the 700 million ounces - to replace thier gold that was previously "leased" but is not currently recoverable.

The gold that the German banks bought was not moved, they just acquired title to it.

The above is at the status of unconfirmed rumour.

What is known is that Barrick gold ABX has been reducing thier hedge book aggresively.

****

I think we will need to look at the price of gold in USD, Euros and Yen.

Use the plot function -

Try about a two year ( 731 day ) time frame.

In terms of Yen, gold rises continually, almost monotonically on a monthly basis.

In terms of USD, gold peaked, came down, went sideways, and is now heading for testing that previous peak

In terms of Euros, gold went down more after the peak, and has further to go to get back. Gold does not look as strong in Euro terms.

**************

Big divergence Asia, North America, Europe.



To: TobagoJack who wrote (17393)4/17/2007 8:28:00 PM
From: Bert  Read Replies (2) | Respond to of 217616
 
Been following this for over a year...we must have Canada's resources..water, minerals, timber...lots of HK money in Vancouver? What does it all mean?

canadafreepress.com

breakfornews.com



To: TobagoJack who wrote (17393)4/17/2007 11:25:35 PM
From: Claude Cormier  Read Replies (1) | Respond to of 217616
 
Also a sign of times.

Lihr Gold is said to be issuing $1.2 billions dollars of new shares in order to close its gold hedge book.