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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (530)8/6/1998 4:33:00 PM
From: Bill Murphy  Read Replies (2) of 81099
 
An Update on The Dutch Central Bank Announcement

Imminent has become a long word and is harder to pronounce than I thought. This is what I think I know. Very few people are talking about central bank sales right now or believe there has been a big, ongoing one by the Dutch. Many of you that follow this thread know that I have been saying that we were informed that our sources said there was a two hundred tonne to two hundred fifty tonne tranche still to go as of early May. This was to be the last of the pre EMU related central bank selling. The forward hedge selling out of South Africa as a result of the Rand collapse caused the CB selling to be strung out longer than I had expected. It is still not completed and it appears they are reducing their price to unload all of it on some sort of timetable.
It came to my attention awhile back that the Dutch were using some technical trading guru to help them with their timing in their selling of this enormous amount of gold. Today, it came to my attention of word of some technical guru who is talking about the final phase of a central bank sale that could cause a final washout and then the market will take off. This is what I am hearing, for better or worse. It would seem that this is one and the same guy. Everything fits.
Therefore, this horror show should end in the next couple of weeks or months and a giant bull market will begin. Us patient bulls will see daylight and then bright sunshine.
In the meantime, followers of George Cole rejoice. His analysis has been spot on and maybe will get more so.

Bill Murphy
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