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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: long-gone who wrote (3839)3/3/1999 8:21:00 AM
From: lorne  Read Replies (2) of 81802
 
Hi Richard, how about this statement--- "It is our view that IMF gold sales are overrated as a negative factor
for gold and other than their psychological impact, we do not see such
sales as a meaningful price influence,"

London--Mar 3--Merrill Lynch analyst William O'Neill believes any sales of
gold by the International Monetary Fund would be "parceled out at a slow
pace that would probably not disturb the market."
"It is our view that IMF gold sales are overrated as a negative factor
for gold and other than their psychological impact, we do not see such
sales as a meaningful price influence," he said. Merrill pegs the range
over the next 60 days between $280 and $300. By Elise Shaw, Bridge News,
Story .14826

They still use the same old thing guess it still works.

Bucharest--Mar 2--A Romanian central bank spokesman today rejected market
rumors that the bank would have to sell some 40 tonnes of gold from its
reserves to cushion its hard currency reserves through May-June, when
Romania is due to cover $937.3 million in foreign obligations. By Bridge
News, Story .14885

London--Mar 3--UK Chancellor of the Exchequer Gordon Brown today restated
the UK government's support for a range of enhanced debt relief measures
for the world's poorest nations, including the sale of at least US $1
billion worth of IMF gold. Brown unveiled a repackaged set of UK government
proposals for poorest country debt relief, and a fresh call on charities
and other non-governmental organizations to do more, following a meeting
with church leaders today. Story .15281
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