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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (723)8/27/1998 11:55:00 PM
From: Larry S.  Read Replies (1) of 81186
 
Bill,

I have been lurking on this thread and benefiting from all of the informative posts from you and the regulars. I really appreciate your efforts. You will be missed. While it's not what anyone is looking for this evening, I thought you and others would be interested with the following information that was sent to me on PM imports to Japan.

Japanese gold import data for July released overnight show imports perpetuating their recent slow trend. Gold imports in July were 4.42 tonnes, down 57.68% on the same month in 1997. Cumulative imports in the year to date are 37.57 tonnes against 81.38 tonnes in the same period last year. Silver imports are following the same trend, and are showing a virtually identical year-on-year loss in July. Cumulative 1998 imports total 499 tonnes against 834.49 tonnes a year ago. Also there is talk that several former Eastern-block countries are selling silver reserves at the moment to raise hard currency, but this can not be confirmed. GNI 8/27/98

Cheers,
Larry Smith
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