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To: Hawkmoon who wrote (26508)	1/19/1999 8:30:00 PM
From: long-gone	Respond to of 116764

repost from Euro impact thread: I do understand two variables, supply & demand. If this Y2K thing plays out as it now looks, they won't be able to hold down POG below $600. Note, "they" played their game very hard, last week. They could only knock it down a couple of bucks - and only for a day or two. BAM - Right back to $287. IMHO We will brake their backs - One ounce at a time. One ounce at a time..... Until it reaches 10 times the demand of last year. rh ps, ALL - buy 1/2 oz and brake a banker! TODAY

To: Hawkmoon who wrote (26508)	1/19/1999 9:46:00 PM
From: jgibbs	Read Replies (2) \| Respond to of 116764

Ron, (Asked Bill M. the same question over on the Dutch Central thread) <<LONDON, Jan 19 (Reuters) - Gold edged slightly lower in late European trade on Monday on news from the European Central Bank (ECB) that one European national central bank had made a small gold sale in the past week.>> Could this be a way for central banks to report transactions that started out as gold loans but for one reason or another ended up being settled/repaid in cash? Seems to me an easy out that the CB's could offer shorts to cover without rattling the gold market. The sale of one ton, or whatever it was, does not sound like much to me. Sounds more like a trial balloon or sorts. JimG