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


To: MUDMAN who wrote (1163)9/25/1998 8:01:00 AM
From: sea_urchin  Read Replies (1) | Respond to of 81821
 
Mudman : If this rally isn't for real it's a DAMN good imitation!

Gold shares were up 12% on the JSE this morning and this is with a Rand that has strengthened by about 15% over the past few weeks. (= a SAf gold price down by the same amount)

Gold price hits $298 to cut its long-term resistance line.

Fundamentals about LTC and the massive short position are now well known. Blood is flowing in the investment community. People don't know where to hide. Derivatives are now a dirty word. Stock markets are stuffed. The yen is in shit-street. The Euro can't/won't take off.

So, how do people hedge themselves against a weakening dollar -- and whatever else?

Leaves only the "barbarous relic"! And its ugly sisters.

Oh, to be a goldbug now that spring is here!!