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Bob, Nice story and point well taken. It would seem to me that they would
have better hedged if they had gone every other link with silver.
Brent
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> From: bobrabcd <bobrabcd@xxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Econ: Asia, Europe and Gold
> Date: Sunday, January 11, 1998 1:46 PM
>
>
> At 01:48 PM 1/11/98 -0500, Gitanshu Buch wrote:
> > RTs, This is a fundamental analysis note so if it doesn't
interest
> >you pl delete it coz I don't predict gold wiggles for the next few
trading
> >sessions! Here's what my data suggests: Conclusions: 1.
Individual
> >and institutions in Asia are net gold sellers thru the crisis period of
4Q
> >1997. To answer BobR's question, ground reality is that falling local
> >currency makes it more expensive to buy gold because the world's retail
> >markets price gold in USD. .
>
> OK, here is what I was getting at. Back in my 8 to 5 days there was a
> custodian who came through my shop to sweep floors. His namce was Willi
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