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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Hawkmoon who wrote (6312)6/13/1999 9:10:00 PM
From: Enigma  Read Replies (1) of 81913
 
The precipitous drop was in the late 60s if I read the chart correctly - before the US closed the gold window. There was a short buying spree in the late 70s. I think you have to interpret this graph with other factors too - increasing faith in hard currency reserves for one thing. Too early to say - but we seem to be at the beginning of an upward swing at the moment -the B of E sales will be taken up by CBs among others - so it could result in a 'CB wash' when all the numbers are in. We have biased financial media - which focuses on sales only - forgetting that for every buyer there is a seller. Even now CBs (Taiwan?) may be heavy buyers - buy low, etc.
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