Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Crimson Ghost who wrote (2574)	12/12/1998 4:47:00 PM
From: Zardoz	Read Replies (2) of 81089

Further gold sales likely: #reply-6806831 I mentioned much the same thing only days ago from a futures trader. The plung of the XAU after a day run up was due to short covering of the XAU stocks bassed on preception of a different PPI number. The trend is still DOWN. GOLD will decrease in the coming days. The US dollar drop, is primarily a weak signal of currencies flow. Many had expected a stronger decrease in London rates. Since that DID NOT materialize, currency flows to London occur as people take on short positions: Since another rate cut of min 50 bases point is almost guaranteed. The PPI DEOS NOT show deflation {just excess inventories}. A dropping on short term rates in USA does not signal a deterioating economy. When an economy is set up to perfrom within a certain range you do have a boundary of trading rates. The US FED decided that if a lowering of rates would aid the WORLD, than they would lower rates. But that only means that instead of a 1.5% inflation rate they may have a 2.5% rate. But in the most recent M2 data suggest the US FED has decided that a tighting bases has formed. That's why gold dropped.

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