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Phoenix_Dollar | 04-16-2007 09:57 PM
analyst says watch out for gold bear http://videoplayer.thestreet.com/?cl...sh&bitrate=300 I think he means central bank action as in they will start unloading gold. Hes not saying that outright though.

Sparky | 04-16-2007 11:32 PM
Re: analyst says watch out for gold bear Yawn. We've been hearing this routinely as gold has marched from $350 to $700. All of the central banks of the world combined have a total of 800 million ounces of gold. If they were to sell it all, that comes to about 0.12 ounces per person on the planet. And about a quarter of it (allegedly) is held by the U.S. whom I don't see as sellers.

Anty Ep | 04-17-2007 10:03 AM
Re: analyst says watch out for gold bear Quote:
Originally Posted by Sparkly (Post 574843) Yawn. We've been hearing this routinely as gold has marched from $350 to $700. .
it kept it down in the 300s for quite a while too. i remember back when I used to read the WSJ. the big central banks were dumping it regular-like. dont think they don't have more to dump if TPTB want it that way

Anty Ep | 04-17-2007 10:05 AM
Re: analyst says watch out for gold bear did the cpi number come out yet today?

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