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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (6530)	6/18/1999 6:36:00 AM
From: long-gone	Read Replies (2) \| Respond to of 82013

And (just for the record) your attempted "salvation" of all those poor uninformed people in the investing public was misplaced! Overnight the Swiss rejected the proposed 1300 tonne sale. Your advice was WRONG! May I now suspect you should pull out the checkbook and start writing to all those whom believed your advice that gold would forever go lower.

To: Hawkmoon who wrote (6530)	6/18/1999 6:39:00 AM
From: long-gone	Respond to of 82013

From: PaulM Thursday, Jun 17 1999 10:24PM ET Reply # of 35522 My Bad. Greenspan Was Quoted Out of Context. Here is the Gold Related Part of His Testimony GREENSPAN: I'm impressed with the fact that the price of gold is falling, and I'm not impressed with the fact that's solely the result of the fact that a number of central banks have been selling gold. I think there's more to it than that. I do think that is a reflection of a global reduction in the long-term inflation outlook, which is a very positive force in the world economy. When you look, however, at the issues of liquidity, you look at various measures of them when you have nothing else. But when you have the direct effects of liquidity, they're far better to look at to determine whether in fact you have more or less money than in effect you need. Those areas of the economy which are exceptionally interest sensitive, which would be the ones you would expect to be impacted by an inadequate degree of liquidity -- housing, motor vehicles, a number of different types of consumer items -- are all booming. They show no evidence of liquidity deprivation. And while I certainly agree with you that a number of the indicators which you allude to and which we look at and have found in the past to be very useful, and WE EXPECT THAT THEY WILL BE USEFUL IN THE FUTURE, ARE NOT GIVING THE RIGHT SIGNALS AT THIS PARTICULAR TIME AS WE SEE IT. (My Emphasis)