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

To: Crimson Ghost who wrote (118)	6/12/1998 2:54:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 81137

George, Very few people know of this Japanese buying, if we are correct, so in that sense it is a non-issue compared to the hedge funds that are selling in full force ( open interest up over 7,000 contracts alone on comex, much less OTC market selling which is 5 to 10 times bigger ). Also this Asian buying is not done yet. They probably stepped back a bit. This is a big event which, when known, will be very positive for the gold market. We heard again today of confirmation of this buying. The reason was quite simplistic. They want to build gold reserves because it is good for the currency and pointed to the Canadian and Australian currencies as examples of what not having enough gold or selling gold can do to a currency. Bill