Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: C Hudson who wrote (180)	6/17/1998 3:07:00 PM
From: Bill Murphy	Read Replies (1) of 81101

Hi, Yes, we have been talking about an Asian central bank buyer the past number of days. This world is very secretive and hard facts are almost impossible to come by. We have clients and sources all over the world and in this forum I have presented some of the feedback we are getting. Whether it is Japan, Tawain, or China is very hard to say. We know that an Asian central bank was also buying last year when gold built a base around $320 last summer. We also were told the day they lifted the order and that is when the specs buried gold in an avalanche of selling. The old support was gone. They ( the Asian CB ) knew they would need a lot of powder for the developing Asian crises that ensued so they kept their cash and could have even sold some of what they bought. The BIS is the central bank's banker and acts in behalf of central banks for countries who wish to disguise buys, or sales, in the gold market. In no way would they do any announcing. The country that did the buying or selling would announce when they are done. ( China in the past has not announced ). Information in this arena can easily be accented differently with the best of intentions. Bottom line - I feel very comfortable with the info we have that an Asian central bank is a big buyer and they have been soaking up the spec short sales. The more this is known, the better, as it may focus market participants on a very big positive for the gold market, both in the short and intermediate term. I hope this was of some assistance to you. Bill P.S. We thought that there would this" Dollar/Yen Ambush" and told our clients so two days ago. This changes the entire market dynamics in the short term and is very favorable to gold. It is now the hedge fund wolves ( playing the deflation scenarios in a massive way versus, China, Japan, the rest of Asia and the G-7. Yes, an exciting battle. Bill

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