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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Mark Bartlett who wrote (5877)5/7/1999 4:06:00 PM
From: Hawkmoon  Read Replies (3) of 80881
 
Also - in the context of the gold market, 125 tons is bean dip

Lest ye forget, that announcement by England to sell gold will be preceded by MANY others who desire to sell their own gold while the selling is still good.

That's the ultimate leverage that CB sales of gold have. And combine that with potential sales of gold by the Swiss, you get the one.. two punch.

And these gold sales are not paper sales. They are selling physical gold. The same gold that is being minted into those Y2K collector coins and Gold Eagles.

Increase the physical quantity of gold and any short squeeze is SEVERELY undermined.

Regards,

Ron
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