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It was sold because we didn't need it any more. Who needs a depreciating asset that produces no return? Well that was the story we got.
-----Original Message-----
From: Private Investor [SMTP:private-investor@xxxxxxx]
Sent: Tuesday, 8 July 1997 9:25
To: roffey@xxxxxxxxxxxxxx; metastock-list@xxxxxxxxxxxxx
Subject: Re: Gold Price
Yes, I'm watching gold and Switzerland has to the same thing ? as
Australia, to dump
another 250 T. Looks like support is at 300.
How is your bullions doing ?
Why did Austraila sell it ?
Pi=3.14
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> From: Dr Clive Roffey <roffey@xxxxxxxxxxxxxx>
> To: metastock-list@xxxxxxxxxxxxx
> Subject: Gold Price
> Date: Friday, July 04, 1997 5:03 AM
>
> Bullions $10 fall today has all the signs of a classic Exhaustion gap.
> Many of the South African shares fell on the opening but as I write are
> recovering most of their losses. This is usually a major reversal
> signal.
>
> If bullion om Monday or Tuesday at the London fix bounces up above the
> $330 level then we will have a major reversal signal in bullion. Watch
> the precious metals.
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