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To: Bill Murphy who wrote (13018)6/12/1998 9:54:00 PM
From: Crimson Ghost  Read Replies (4) | Respond to of 116796
 
Sentiment on KITCO now more bearish than I have ever seen it. Many expect new lows for POG in the near future now that key trendlines have been breached. Talk of XAU 35 has surfaced. Anybody expecting anything more than a mild technical bounce is castigated as a naive fool.

KITCO sentiment has sometimes but not always served as a good contrary indicator.



To: Bill Murphy who wrote (13018)6/13/1998 5:12:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116796
 
Hi Bill
are you talking about this thread exchange2000.com
or this thread exchange2000.com :>
I am certain that all of us are greatful for your providing us with
"rumours" that the little people can't get our hands on..
welcome to this thread..
have been noticing that the some of the juniors are beginning to get
private placements again and some with nice sums of money..a further
suggestion that the bottom is in..
bobby



To: Bill Murphy who wrote (13018)6/13/1998 1:13:00 PM
From: Henry Volquardsen  Read Replies (2) | Respond to of 116796
 
Bill,
I am fairly certain that it was not the Swiss National Bank but a Swiss commercial bank with a remarkably similar name ;) that could be the reason for some of the confusion. Said Swiss commercial bank is a big player in the gold markets and they are much more likely to have acted on behalf of a customer. On the subject of who the customer was, which is really the important issue, I believe we are probably closer. The initial reports were that it was being purchased by a central bank. The only central banks that have been buyers in recent years have been Asian. I don't believe it is Japan the I have no hard evidence to support that view. There is only one other likely suspect.
Henry