Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: baystock who wrote (5894)	5/7/1999 9:49:00 PM
From: baystock	of 80859

I thought the ending of the article was awesome: << Finally, one Nasdaq dealer who specializes in precious-metals stocks recalls that when "every credit market in the world was traumatized" last fall by Russia's debt default, gold remained "incredibly placid." The trader, who supports Murphy's efforts but requested anonymity, acknowledges "no one knows for a fact if Long Term Capital was a borrower. But it'd be surprising if they hadn't considered the gold market." As for the "outrageousness" of Murphy's claim, the source notes John Meriwether, founder of Long Term Capital, was "forced out of Salomon Brothers because his subordinates were caught rigging the U.S. bond market auctions." Furthermore, one rogue trader at Sumitomo "clearly distorted" the copper market a few years prior, he observes. "Is it so outrageous? I don't know of any hypothesis more plausible. The market is behaving in a strange way.">>

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