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


To: Bill Murphy who wrote (89)6/10/1998 3:16:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 81154
 
Bill: KITCO technical bears roaring as loudly as ever. One of them now talking about 35 XAU and opines that only fools would go long gold with bonds and the dollar surging and commodities getting smashed. Of course he did not mention the fact that gold generally is a leading indicator, not a laggard.

Others telling us they can't wait to go short if POG rallies above $300 again.

These technicians have been correctly bearish for a long time, but their Waterloo may be approaching if you are right about the imminent end of European CB selling.