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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote ()6/10/1998 8:52:00 AM
From: Bill Murphy  Read Replies (2) of 81164
 
A fascinating tidit.
Last week I related that the Swiss National Bank hit the Gold-Eagle web site over 20 times. I found that to be extraordinary and complimentary to their web site, but was not quite sure what to make of it, except something was up.
Today our sources told us that the Swiss National Bank bought 10 tonnes of gold the past two days. They are supposed to be sellers, not buyers. The only explanation ( an inside information story if there ever was one ) is that they sold ahead of their own recent announcement ( trying to increase their return on gold ) and yesterday's EMU gold story. They had to buy back the position at some point and were checking around the internet ( gold-eagle )for sentiment, expectations, etc.
Bill Murphy
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