I'm sure you could be right, Mark!
To be clear, my opinion is IT WILL GO UP now, for awhile.
(It's drop-dead simple ...a double bottom or "W" if you like was made.)
I have no understanding, whatsoever, of those "fundamental" factors
you mention, but I'm sure you know what you're talking about!!!!!
Rock on!
>jpm worte:
>>You could say .. a dramatic "trend" has been established, and nothing
>>particularly dramatic will happen for a few days now.
>
>It is out of control. There is not enough to cover the paper gold the
>short positions are scrambling to CTA (cover their Xsss). When Hong
>Kong markets opens AM, gold will pass $300. Many pit traders who are
>too young to experience this, will not be able to control price in the
>regular fashion. The fear factor has been set into motion, Europe is in
>a panic because of the onslaught of the Euro. The only safe way is
>gold. Whether Japan is doing it or not, central bank buying of gold
>is a key element in a gold story that hasn't been told. There have been
>huge, undisclosed central bank sales over the past two years. At that
>same time, it
>is apparent that the market has absorbed these sales through central
>bank purchases and other untracked demand.
>
> In other words, if the gold supply has been far higher than anyone
>believed, then the demand must have also been far higher than previously
>thought. And if
>demand is that high...and the great majority of central bank supplies
>are about to be cut off by the establishment of the European Monetary
>Union...then the resulting
>supply/demand imbalance will assure far higher gold prices. No one who
>had gold wanted to sell it today at the coin show. Those bullion prices
>were up $10 since since my sell price on Thursday. They expect it
>higher still.
>
>Let me reiterate Strong demand at Britain's auction of 20 tons of gold
>on Tuesday was 3.7 times oversubscribed.
>
>Rgds.
>MSO
>
>
>
>---
>You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
>To unsubscribe send a blank email to [EMAIL PROTECTED]
-----------------------------------------------------------
"Great ventures create great mottos."
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
