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

To: Crimson Ghost who wrote (1554)	10/13/1998 10:53:00 PM
From: Kaena™	Respond to of 81293

We're climbing the "wall of worry" in regards to gold. I can imagine that many hedge funds played the same game as LTCM, borrowing gold at 1%, selling and then reinvesting in currency plays on leverage. Perhaps as LTCM, these hedge funds were not shorting gold per say, but just taking advantage of the 1% cash loan to short or go long other markets. If this is the case, it's extremely bullish for gold and will not take long before the short positions in gold have to be unwound, especially if the Yen has put in a bottom and is headed back up. Alot of investors have questioned why Japan would take such measures to strengthen the Yen especially since they have such large dollar denominated assets including Bonds, stocks, REITs, etc. It doesn't make sense to some because Japan would be shooting itself in the foot as they depend especially now for exports to the US. But the risky play (strengthening the Yen/selling US treasuries) could bring back lots of investment yen to add urgently needed liquidity in their banking system. Also a strong yen helps to reduce the price inflation of oil, there most precious commodity. With a stronger yen, the government can run the yen printing presses at a higher rate of speed to keep pace with dollar sales/yen purchases. I have a gut feeling that gold is taking but a short breather here and will continue its long climb up the 19 year mountain of worry. I think we're in the beginning stages of a massive move up in gold over a period of several years, possibly 3 to 5 imo. Throughout 1998 I have been taking positions in gold/silver&platinum stocks and would be called as Bill Murphy calls strong hands. I am not a short term trader and will only sell after significant run ups and then reenter if there are significant dips. I think Bill Murphy has the right idea that were going to make a lot of money over the immediate years ahead. Good luck to all.

To: Crimson Ghost who wrote (1554)	10/14/1998 12:18:00 AM
From: Sam	Respond to of 81293

We are all hoping you are wrong ,but I will stay on the side lines for a while yet sam

To: Crimson Ghost who wrote (1554)	10/14/1998 8:57:00 AM
From: sea_urchin	Read Replies (3) \| Respond to of 81293

George : That's my difficulty. I just can't see how the "generals" are able to hold their ground so firmly when the "men" have run away. It is this contradiction which I find so hard to understand. After all, the "generals" are not stupid ! And, "they" can see as much as anyone. If what you say is true, that the bear market will or could end when the Dow gets creamed, that can happen anytime. Even in 2000. It doesn't have to happen tomorrow. And, since it's merely symbolic, the "sword of Damocles" could even just hang --- for many years --- without falling.