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To: goldsnow who wrote (2996)11/9/1997 9:48:00 PM
From: rdww  Read Replies (1) | Respond to of 116837
 
Swiss have many reasons to threaten to sell Gold. It was suggested to me by someone who deals w/ financial clients in Switz - that the suggestion of selling Gold is a way of rattling the US cage. They are under intense presssure from Congress and Senator D'Amato(?) for the repatriation of Jewish gold. Americans have threatened a number of legisation possibalities aimed at ballbusting the Swiss so that they will pay up.Not only is this embarrissing to the Swiss - the hiding place of the world's gold and money men - but it's gonna cost them a lot of time and money. So the Swiss are no dummies - and they play a little PR and upset a number of American producers and desettle CB's all over the place.
Tit for tat.



To: goldsnow who wrote (2996)11/9/1997 10:00:00 PM
From: Eashoa' M'sheekha  Respond to of 116837
 
Interesting.

I would have thought intention(if any?),would be to make their
currency LESS attractive,since they have carried a GDP
chronically in the deficit area for quite some time.Thus the
weakening of the Frank during a " Flight To Quality " scenario
would have inticed the Swiss non-announcement.<g>Hey!!And Those
were Three(3) goals achieved.....can't ya count...123123123123...

Taurus