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


To: Hawkmoon who wrote (8107)10/8/1999 1:01:00 AM
From: paul ross  Read Replies (1) | Respond to of 81101
 
The 15 Euro banks announcement limited the sale of gold to 400 tonnes per year. This is about the average yearly sales of gold by these banks over the last several years. They have also pledged not to extend, but to keep at existing levels, the amount of gold that they currently lease. The Euro CB's currently control only 30% of the gold available for lease by all leasing entities.

So how, looking at it from the point of view that not much has changed in the availability of gold either for lease or for sale, has the Euro announcement been aimed at hurting the U$D?



To: Hawkmoon who wrote (8107)10/8/1999 7:57:00 AM
From: Hoa Hao  Respond to of 81101
 
Ron,
Sounds good to me..... Sue'em all..... let God, er ah, I mean the courts sort it out. Conspiracy always makes for good reading!! Say, is there still time to buy a few shares of Ashanti and get in on the share holders class action law suit?? What we really want to do is tie'em up in court in such a way that Ashanti's assetts can not produce gold.

Hao



To: Hawkmoon who wrote (8107)10/8/1999 8:19:00 AM
From: long-gone  Respond to of 81101
 
<<Could even set a precedent for any instance when a CB or governmental decision suddenly creates chaos in ANY market.

Heck,... maybe folks could sue Iraq for any losses they suffered when Saddam invaded Kuwait and sent oil prices shooting through the roof.>>

Or even sue Clinton over release of the stategic petroleum reserves?

Oh, never mind, sorry, I forgot. Teflon