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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (1331)10/6/1998 5:38:00 PM
From: Crimson Ghost  Read Replies (5) of 81502
 
Germany's Commerzbank had a full page ad in the latest FORBES MAGAZINE ENTITLED "CENTRAL BANK GOLD SALES LIKELY TO CONTINUE". THEY GO ON TO ARGUE THAT EUROPEAN CBS PROBABLY WILL BE SELLING LOTS OF GOLD OVER THE NEXT FEW YEARS AS WILL THE IMF.

They project that gold prices -- while not likely to collapse -- are not going up much either. To quote "in the medium to long term, the price of gold is unlikely to rise significantly" Industrial states and most developing states seem committted to a policy of low inflation".

Why would a major German bank run such an ad in FORBES magazine? Do they really believe this nonsense or are they trying to support a huge short position before it goes underwater?
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