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


To: Hawkmoon who wrote (5884)5/7/1999 4:28:00 PM
From: Tomsr  Read Replies (1) | Respond to of 80915
 
Now what? Buy, sell, hold or???



To: Hawkmoon who wrote (5884)5/7/1999 5:30:00 PM
From: Mark Bartlett  Read Replies (1) | Respond to of 80915
 
Ron,,

<<Lest ye forget, that announcement by England to sell gold will be
preceded by MANY others who desire to sell their own gold while
the selling is still good.>>

Don't think so ..... doubt we will see that much more selling. The fact they announced the sale before hand (which gives them the option of backing out),it is a true sign of desperation .... they are scared - period. Short of flooding the market, which would spook the market even more, they are in the process of throwing out the life preservers.

This market is toast.

MB



To: Hawkmoon who wrote (5884)5/7/1999 5:33:00 PM
From: Mark Bartlett  Read Replies (2) | Respond to of 80915
 

Ron,

<<Lest ye forget, that announcement by England to sell gold will be
preceded by MANY others who desire to sell their own gold while
the selling is still good.>>

Don't think so ..... doubt we will see that much more selling. The fact they announced the sale before hand (which gives them the option of backing out),it is a true sign of desperation .... they are scared - period. Short of flooding the gold market, which would spook the stock market even more, they are in the process of throwing out the life preservers.

This market is toast.

MB