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


To: Bill Murphy who wrote (2011)11/3/1998 8:09:00 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 81105
 
Bill; The person I consider the best gold forecaster on Kitco (handle RJ) still projecting that gold will remain weak over the balance of 1998 (possibly retesting the low). But anticipates a strong rise during the first half of 1999. He did not give specific price targets, but reading between the lines I think he is looking for $325-350.

This person also has been projecting Dow 10,000 by year-end for some time and stands by that forecast.



To: Bill Murphy who wrote (2011)11/3/1998 8:35:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 81105
 
Bill,
RE:"The Asians are still buying
according to our sources. We reported awhile back that they
were requested not to push the price up with their buying. They
are long term buyers ( big picture ) anyway and like to buy dips,
so this is playing right into their hands. This third reserve
currency ( Yen ) is getting much more play over there and is not
hush hush info."

Who are your sources and who is "They" as pertaining to who's buying?

Jim



To: Bill Murphy who wrote (2011)11/3/1998 9:39:00 AM
From: Zardoz  Read Replies (3) | Respond to of 81105
 
I heard that the Asians aren't buying... but are sitting at the bullion pits shaving gold leafs of each bar. So the future traders have to adjust the price done accordingly. And this is why the spot price of gold is dumping. And with what they get for the leafs sales they are hiring more people, so as to multiple the work done. Sooner of later they will reach a saturation point, which may be $275/Oz.

Can you confirm this?