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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Crimson Ghost who wrote (90)6/10/1998 4:04:00 PM
From: Bill Murphy  Read Replies (1) of 81145
 
I would not be surprised to see some sort of massive coordinated intervention on yen. Bullish consensus is 2 ! Have never seen a 1.
There is real fear about Asia, Japan, the Yen and thus the other currencies. Today's stock market activity is another sign of trepidation. A pretty good down day with bonds way up.
The last two day's bearishness factors on gold have been way, way up there. Yet, we are still up on the week.
Saw strong hand, trade buying in gold today.
Tomorrow should be very interesting. If we really tank from here, I would have to eat crow. So be it. I look for a big move up.
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