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

To: Jim McMannis who wrote (1489)	10/10/1998 9:19:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81310

Jim I can see the game you're playing, and, you seem to be very successful at it. I don't think you are crazy --- you just seem to like risk-taking --- like Mr Clinton!! For me, the game in the gold shares hasn't yet started! Maybe it won't, but I believe it will. I play major turns, as I see them --- you play bounces. The fall in the dollar (confirmed now by the rise in interest rates) and rise in the yen/European currencies is the signal I have been waiting for to announce the arrival of "Spring" for gold/shares. Also the penetration in long-term resistance lines. As I said to George earlier, after a 50% rise in a few weeks, it's only reasonable to expect some profit-taking, or whatever it's called, in gold shares. On the other hand, this move indicates the return of confidence to the gold sector. I am looking towards the next summer and a few chilly days don't mean much at this stage. I liked your comment at Golddigger about "safe-havenists" and "inflationists". So, clearly, in your bearish bosom also lurks the heart of a bull! In the circumstance, I imagine you have already established an XAU re-entry point, in your mind. Re HK and Korea, those are markets I know nothing about. But I can appreciate that you are looking for a dollar hedge in a market which has been absolutely "slaughtered". If I had more confidence in SAf I would recommend it to you, for the same reason, but I won't! Possibly, the Asian markets could now start "emerging" but I feel SA has still a lot more "submerging" to do. Maybe I'm just too cynical about Mandela & Co. But I have my reasons.