senorBS
Feb 10 2008, 04:52 PM
is going to be muy importante, get ready for a wild ride.
http://today.reuters.com/news/articleinves...T_0_G7-GOLD.XMLNO BS
Senor
leocleoc
Feb 10 2008, 04:58 PM
If my memory is working correctly, the last time these type of sales occurred it resulted in a drop of gold prices that lasted several weeks. Can anyone help me remember?
Thanks in advance.
QUOTE (senorBS @ Feb 10 2008, 05:52 PM)

is going to be muy importante, get reday for a wild ride.
http://today.reuters.com/news/articleinves...T_0_G7-GOLD.XMLNO BS
Senor
dharma
Feb 11 2008, 01:25 AM
yes, initially the sales will drop the price. however,it will only present a buying opportunity. the sales will cause a correction in the prevailing trend. and my guess is the gold sale never hits the market, but is absorbed by one or two buyers.
dharma
gvc
Feb 11 2008, 12:18 PM
Most likely China central bank cashing in some of there crappy US $ reserves
Gold3600
Feb 11 2008, 03:38 PM
Great wall of worry perhaps?