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Message: Re: Tidbits form LeMetropole Cafe tonight...

sinbob,

Good stuff! Keep it coming. It was interesting watching the POG today. After the spike I kept waiting for the inevitable beatdown- but it never came, in fact the POG kept on rising.

I found it interesting that India bought their 200 tons over a few weeks instead of all at once. Why not just buy it all at once at a set price, instead of taking the chance that the POG might spike during the process? Then I read that India was using hard currency- which probably means US dollars. Maybe they didn't want to dump dollars too quickly, in other words they weren't worried so much about driving the price of gold up as driving the dollar down (and the price of everything you buy with it up). True, it was less than $10B (a mere pittance these days), but still a bit to pass off in one chunk.

An idea to pass on to SFMI management- how about paying dividends in silver and gold? Now that would really drive the shorters up a wall! Imagine them trying to cover that!

spiny

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