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

To: Stocks who wrote (5)	5/29/1998 6:40:00 AM
From: Mark Bartlett	Respond to of 81794

Brandon, <<"Last week we received a tip that the specs were going to be set up before a big gold rally. The old Swiss news, of there potential future sales, released again yesterday, accomplished this.">> I think when Bill said the above, that is what he meant. MB

To: Stocks who wrote (5)	5/29/1998 8:49:00 AM
From: Bill Murphy	Respond to of 81794

Peter, There will be gold supply. It is the massive, excess supply ( pre-EMU sales ) that will have vanished in the near term. Because there is a very large supply-demand deficit, without this supply, the price should go up to ration the demand. Of course, Murphy's Law is at work right now in the gold market. Demand in the Far East is being hurt by all the outflows of capital from this part of the world, which is the demand engine for gold. This might slow down the upward price move of gold, if and when this announcement is made. If we do get one, I do not believe you will have the same comment, that it was sold to other banks. Regarding the potential set up. The specs are pouring in on the short side and the commercials are now buying.The initial price reaction after an announcement might be negative, but, if so, we should have a fast reversal when the ramifications of the long term, ongoing sale are understood. Bill Murphy