Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (7552)	8/31/1999 11:57:00 PM
From: Claude Cormier	Read Replies (1) of 81222

Searle, According to the people who believe in the conspiracy theory, the 10,000-14,000 tons are ounces of gold borrowed FROM the CB"s BY the Bullions banks FOR either the hedged producers or the "gold carry" traders. On the CB's balance sheet, they show as "gold receivables". In theory, only the "gold carry" trades should affect permanently the gold price. The gold borrowed and sold for the purpose of hedging will be reimburse from future production. <<In the circumstances, provided the forward selling has been absorbed, the situation is then bullish. >> It is indeed....however, keep in mind that those who acquired the ounces will eventually return them to the market when the price is right.

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