Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (4176)	3/12/1999 4:07:00 AM
From: long-gone	Read Replies (2) of 81003

<< This will be an interesting one to sort out as time goes on. >> Yeah, but time may be short now. Will the law suit go forward if we return to a "normal" gold market, I think there should not be some kind of punitave awards.... <<More good news from German Finance Minister Oskar Lafontaine. He resigned today. Oskar has been the big proponent of IMF gold sales. It can only help us gold family people to have him out of the political scene in Germany. >> I smelling a bigger story here. Just do't know what it is yet. << If anything sets off the gold market in a big way, some of these loans will not be able to be repaid. There will be "force majeures", defaults of all kinds and counterparty risk will become a word used many times a day by the gold community. >> It has all ready been set off Bill, it is just a very slow burning fuse. << U.S. banks and thrift lending institutions were warned by federal regulators on Wednesday to prepare for higher losses because of weak international markets. "We recognize that today's instability in certain global markets, for example, is likely to increase loss inherent in affected institutions' portfolios and consequently require higher allowances for credit losses than were appropriate in more stable times," said the joint letter to lending institutions from the Federal Reserve and four other regulatory agencies>> I heard this also, and suspect this was "code" telling big shorts to "unwind". Note that something has changed. POG is staying above $290. I'm smelling blood in the water, before they could hold it below $289 now it seems they are happy to just keep it less than $292! could they have averaged up?

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