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

To: Crimson Ghost who wrote (100)	6/11/1998 10:41:00 PM
From: Bill Murphy	Read Replies (2) \| Respond to of 81139

Hi George, Eat crow day for me. Like I have said, Armstrong is brilliant but I know he was mega short silver at $4.50 and it went to $7.80. What do we have here? One, Rubin and Greenspan are at odds. Cocky Rubin might get his for a change as today's remarks shook up U. S. markets. I am sure he did not expect this. A very good friend of mine has a friend at the Fed. He said the Treasury and and the Fed were at odds about the dollar, etc. That was very apparent, publicly , as the past two days of Greenspan and Rubin comments were very much at odds. Because of our behind the scenes knowledge, this was very apparent. Other tidbit of interest. All the info we have and several sources tell us that the Japanese bought 400 tonnes of gold ( via the Swiss ). This is a big deal as the Asians have the reserves to buy much more. Normally, we would be jumping up and down as this changes the central bank buying and selling stats. The hedge funds must have taken them out and exhausted their buying so we tanked today. You are right that the risks are now much more substantial than before and this is very disturbing, especially having the understanding a central bank may have been a big buyer. Your downside targets cannot be ruled out. A quick reversal in gold is needed here or it could be a long summer. Perhaps, American arrogance will finally come under scrutiny and Hashimoto's threat to buy gold instead of U. S. Treasuries is finally becoming a reality. If that is true, and becomes known. your remarks about the dollar will become the key issue and you will be 100 % correct.