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

To: sea_urchin who wrote (8073)	10/6/1999 8:34:00 AM
From: John Soileau	Respond to of 81023

Yeah Searle, but that sale was known, and already absorbed by the market. The unknown was the prospect of other and further selling, hanging like a dark cloud over the POG, and that cloud cleared with the announcement. That's what he meant, but without doubt imprecisely expressed it. Also, the announcement included "no increase in leasing" from current levels. IMO THAT was more meaningful than a sale moratorium, since new leasing promotes low lease rates which facilitates short activity. John PS Any entrail-reading chart types want to comment on today's down leg?

To: sea_urchin who wrote (8073)	10/6/1999 2:19:00 PM
From: long-gone	Read Replies (1) \| Respond to of 81023

Searle: Please read this paragraph again(from your post). "Swiss parliamentarians approved legislation yesterday that will enable the country's central bank to begin sales of 1300 tons of gold reserves starting next year. " The way I'm reading it is not that they will sell 1300 tonnes next year, rather that they are now allowed to sell the 1300 tonnes(per the prior agreed 400 total tonnes a year,though not stated there-in) starting next year. I suspect some that are short are rewriting to spin it another way outside the truth.