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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (9396)5/23/2000 6:46:00 PM
From: .Trev  Read Replies (1) of 81592
 
tOM
tO-DAY'S vANCOUVER sUN CARRIES A PIECE FROM THE aSSOCIATED pRESS nEWS wIRE REPORTING FURTHER SALE OF GOLD BY THE sWISS nATIONAL bANK TO THE TUNE OF 9 tONNES, BRINGING THEIR TWO WEEK TOTAL TO OVER 20 tONNES. (sorry for shouting)

The declaration of bringing that total to 120 Tonnes by September was also made. Their total reserves are listed as 2600 Tonnes with half already committed to be sold in the current plan, and the remaining 1300 Tonnes merely designated as " surplus". The implied limitation was that the first 1300 would be fed into the market over a pseriod of years, without driving the price down. Which seems to me to guarantee it sure ain't going to go up.

The intent apparently is to support their currency under its new laws.

It's ok to dream a little but this is building into a nightmare.
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