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AGORACOM News Flash

AGORACOM Maintenance Alert: Going Offline Tonight, and Friday night for about an hour

Dear Members.

AGORACOM will be updating our server framework tonight and tomorrow night. As a result our discussion forums will be down for 1 hour or less.

These problems stemmed from our recent switch to a new web host and some issues with our DNS records (the settings that tell your web browser where our website is located). We believe we have squashed these bugs and are looking forward to pushing these updates through.

In anticipation of this scheduled maintenance we suggest the following:

1. If you are going to post any long and intensive material after 6PM either tonight or on Friday night, save a copy. We don’t expect to lose any data from the last 2-3 hours but better to be safe than sorry

2. Our blog (which you are reading right now) and Twitter account will be unaffected during the downtime, so feel free to contact us at either if you have any issues and can’t reach us through the site.

Best thing to do is to post comments on our blog. Alternatively you can reach us by emailing contactagora@agoracom.com

3. We expect the migration to be very smooth but please let us know if you have any issues.

4. If you are in Toronto, or the GTA, enjoy the weather! Summer is here so go out and have some fun!

We trust the above to be satisfactory as we strive to continually provide you with a great AGORACOM experience.

Thanks,
George and the AGORACOM Team

Message: What just happened to gold

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Re: Central Banks Sell Gold

in response to Central Banks Sell Gold by Fearless
posted on Mar 04, 08 10:30AM

Fearless

I will not try to figure out if I agree or disagree with your recent but I would like to make one point. The present day situation for supply & demand for gold can be compared to the evolution of the control of the price of oil by OPEC. Do you remember when OPEC set the oil price because they controlled the supply? Today an OPEC statement statement gets a yawn from the mkt. because of the new supply balances.

IMO In the case of gold various countries have sold huge amounts of gold over the past 15 years & no longer hold the big stick. The mkt. cap of GLD ETF is $20bill, ABX is $44bill, Goldcorp is $30bill & just the outstanding Apr. Comex contract has open interest equal to $30bill. All of these are US Funds. There are many other gold mkts. in the world. Countries can only ripple the gold mkt. They are powerless to control it because they have largely depleted their supplies.

Regards

Joltin

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