Zu Welteke und dem Goldpreisanschlag

verfasst von Tofir, 21.02.2002, 21:08

von www.USAGold:

Gold Market Brief (2/21/02)....... Gold peered over the rim of its foxhole this morning to see if anyone else was waiting to take a shot at it and decided to advance -- albeit cautiously. After the Bundesbank's blindside as the week began, in which governor Ernst Welteke borrowed the script from Eddie George's Bank of England sale announcement a few years ago, it is understandable that gold has become a bit cautious. Many top traders have expressed the opinion that the market had an"exaggerated" reaction to the Welteke comments given the fact that three years, a German election, and a very ill international economy stand between Welteke and the sale of the first ounce of gold. Indeed, Oster Dow Jones reports this morning that as the market dropped European bullion banks became buyers.

(...sehr bezeichnend....!!! tofir)

This makes a great deal of sense, since it is the bullion banks short the market that were the reason for Welteke's blindside in the first place. ODJ continues:"dealers said U.S. bank buying is expected to counter any major sell-off, with prices looking to hold around current levels before returning to a more bullish position again. Steady investment demand from Japan is also expected to continue near term." I'll add to that the 180 degree turnaround on hedging sentiment in the gold mining industry.

Gruss

tofir



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gesamter Thread:

• Zu Welteke und dem Goldpreisanschlag - Tofir, 21.02.2002, 21:08
  • WOW! Danke. (owT) - pecunia, 22.02.2002, 09:19