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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Crimson Ghost who wrote (564)8/9/1998 10:37:00 AM
From: Bill Murphy  Read Replies (1) of 81071
 
George,
That is commentary that soothes my soul. Actually, that is how I "sea" it too. Korea has started the break away from the IMF policies and others should soon follow ( or already are )
Most of the derivative trading community is short yen, long bonds, short gold, short Asia,etc. If this is unwound, market moves could be dramatic because so many of them are related. The gold market could really soar under that scenario. As far as I am concerned, it is not too far off. That is why I am sticking with my junior golds and will be adding to my positions fairly soon.
The sea change could produce a tidal wave of get me out these trades. On the other hand, it could produce astounding leaps in the prices of the gold shares because the market caps are so small and a minor shift in world capital flows into this sector would be enough to send those shares flying.

Bill
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