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

To: Bill Murphy who wrote (3861)	3/3/1999 10:09:00 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 81023

Bill, Did you ever contemplate that your "intelligence network" might be full of double agents? I appreciate your enthusiasm and your analysis, but given all the false signals over the past couple of years that gold is about to take off, don't you have some concern that someone is telling you what you want to hear?? The fact that these producers have been selling forward for several years in advance rather than just one year out, really causes me to wonder what the real intentions of these mining folks are. If I was the CEO of a mining company and I really thought I had the world bankers by the cajones down the road, I would suck up the short-term losses in order to lock in long term value or at least make sure I could control my selling schedule on a shorter term basis. I certainly don't think I would be selling forward 3 years unless I was pretty sure those options would never be exercized by the other party. As for the Chinese buying, they would sell dollars to buy gold. Cheaper dollars would make their products more expensive to sell here, while our products would be more expensive there. Strengthening the Yuan makes their markets more attractive to Japanese and Taiwanese goods as well. No.. they want equilibrium just like we do. They may gradually buy more gold, but I don't see a buying spree. Maybe they'll buy it from the panicked sellers who thought gold was going through the roof, instead of through the floor. Be a good "case officer", and make sure that your "agents" are telling you the truth as it is, not as you want to hear it. It takes some interviewing skill and maybe a little "gameplaying" of your own to learn the truth from your sources. Face it. The mining companies want gold to stay high while they sell years out into the buying. They want people to fear Y2K, because they know the real problem is deflation and overproduction and weak demand for all goods. Can you be so sure of the "stories" they are telling you? Regards, Ron