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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Gary H who wrote (5547)	1/10/1998 10:31:00 AM
From: Bill Grant	Read Replies (2) \| Respond to of 116753

Gary, Me "You may remember that the news of Australia's sales was announced well after the actual sales. As I understand it, that is the rule rather than the exception in central bank moves." You "This being true and noted, when we here of upcoming sales by CB's, can we assume that they may never happen? It would seem to be within their mass logic." I agree that they (CB sales) may never happen. You have to look carefully at the circumstances in each case. You may be thinking about the news of potential Swiss sales. In that case, the news came from a private commission report as a recommendation to the Swiss Government. There were later clarifications that such sales would require approval in a public referendum, and I believe there was speculation that the Swiss people were highly unlikely to approve such sales. Bill