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

To: Crimson Ghost who wrote (2666)	12/15/1998 11:27:00 PM
From: Bill Murphy	Read Replies (2) \| Respond to of 81023

George, Yes, times have changed and it is more complicated than my commentary, but in 1989 or so the price of oil was much higher. Who knows what the deal is now. I have gone through this in the oil sector and lived it first hand. That I know. Then I KNEW what was coming, now it is just a supposition on my part. But I know the power of the Saudi spigot and there mental routines and what influence that can lay out when they really want to. I have lived it. I know very clearly of what I say and why. I have been there. Best, Bill

To: Crimson Ghost who wrote (2666)	12/16/1998 5:36:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81023

George : "For all its problems, oil would be a lot lower today if OPEC did not exist. Too bad gold producers cannot get together to restict output." Message 6729770 I heard a rumor somewhere that they are. Meanwhile today, most of the "top" producers have production costs below $250 an oz and can therefore make a good profit at $295. So, why put up the gold price?! The present price seems to suit everybody --- or nearly everybody. (1) The manipulators are happy with it --- or so they appear to be (2) The producers are happy with it (3) The consumers are happy with it (4) And the goldbugs, who have been railing on and on about a gold standard, will have to be happy with it! Because they've got it! Seems to me the ones who are not particularly happy are the speculators --- either because of their dreams of big numbers or because they would have preferred more price volatility.