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

To: Bill Murphy who wrote (1681)	10/19/1998 5:10:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 81980

Bill: Looks like the gold bull will be on hold until we get a big sales announcement AND GOLD DOES NOT GO DOWN. That is what happened in ealy 1993. Until gold can hold up on bad news and/or react well to good news, not a chance of a decisive breakout. I have long considered reaction to news to be the single most important indicator of a market's technical health. Unfortunately gold's reaction to news -- both good and bad -- leaves a lot to be desired.

To: Bill Murphy who wrote (1681)	10/19/1998 5:41:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 81980

Richard Russell in his Dow Theory letter of Oct 7th 98 says "Gold has been money for thousands of years and it's still money, no matter what young Harvard-educated central bankers tell you" also "I'm reasonably confident that we've finally seen the final lows for gold .... after 18 years are finally in a new primary bull market ... Remember at the start of a new bull market the price action tends to be erratic, exasperating, confusing... it takes TIME"