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


To: Crimson Ghost who wrote (40)6/4/1998 4:25:00 PM
From: Bill Murphy  Read Replies (1) | Respond to of 81130
 
George,
The man, Armstrong is extremely bright, and perhaps he is right on all of this. Who am I to say. We certainly are watching the Russian situation closely.
A collapse in emerging market economies would hurt gold demand.
We still wait for an announcement that the extraordinary gold sales by EMU banks has ended or slowed significantly. Then the normal supply/demand deficit will take over to ratchet prices upward.
Specs are now heavily short and the world believes Armstrong is correct. We are bullish here.
Bill