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

To: Bill Murphy who wrote (2599)12/13/1998 2:20:00 PM
From: Andrew  Read Replies (1) | Respond to of 81061
 
Bill, I can't see 200 ever happening but you never know. That is so far below the average worldwide production cost that it wouldn't be sustainable unless gold was deemed as a useless commodity.
I agree with you on the big move one way or the other. The longer this sideways action lasts the bigger the potential move. Gold has not not traded in such a narrow range for this long historically.

Andy

P.s. Do you have any info relating to Greenstone Resources. I remember you mentioning you knew Rudi Fronk well. Do you have any idea who might be interested in aquiring them.



To: Bill Murphy who wrote (2599)12/13/1998 7:23:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 81061
 
Bill: Agree 100% that the next major move will be up. But very uncertain on the timing. And we could go back to $285 before the big move up.

Note how the definition of a gold bug has changed. Now a gold bug is anybody who believes that gold will ever go above $300 on a sustained basis. I doubt if there are 5 traditional goldbug types alive today. But anti-gold fanatics abound. Perhaps a strong positive from a contrarian perspective.


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