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

To: long-gone who wrote (4922)	3/28/1999 5:23:00 AM
From: sea_urchin	Respond to of 81226

Richard : I also felt, and still feel, that XAU 60 represents a long-term, support level. That is --- all things being equal ie as they were. But I do not know the dynamics of the gold market. Simply looking at a chart is not enough. I remember that the Iran/Iraq war in 1991-2 marked the end of the resurgence in the gold price, at around $500, simply because gold was being sold off by the warring countries to pay for weapons. It could happen again, now, because of Kosovo. Selling gold, at these prices, does not have to be only because of a conspiracy --- it could also be because of an emergency. And, prudent investor strategy. I keep blabbing about the strength of the US$. But it's a valid observation that high gold prices and a high dollar strength don't live together. And, right now, the dollar is STRONG, STRONG, STRONG. And, for obvious reasons --- the US economy is the strongest in the world, there is no inflation and --- this is probably the most important --- most other places are in crap. If you lived in Europe, or Asia, or S. America or Africa where would you rather put your money? Gold, local currencies or US dollars?! Nothing stinks. The facts speak for themselves. XAU 60 could be the bottom --- but does anyone really know?! You carry on like you believe someone knows what is happening and therefore can manipulate the market. I don't believe anyone is smart enough to know. Not even God, himself!