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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: teevee who wrote (18)5/31/1998 2:23:00 PM
From: Bill Murphy  Read Replies (1) of 80820
 
teevee,
Agree with most everything you said. We certainly believe the supply demand story is the story for gold right now.. But, in addition, if we are correct ( very few think so ) you will have an announcement by the Dutch that they have sold many hundreds of tons gold over a long period of
time. This gold is now on fingers and around necks in the Far East.
This continuing sale has suppressed the price of gold to a big degree and this particular source of supply will no longer be there to thwart the next rally.
Bill Murphy
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