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

To: Stocks who wrote (128)	6/13/1998 9:47:00 AM
From: Bill Murphy	Respond to of 81168

Brandon, That is a lot to cover. Pardon, if I try to make it brief. The 10 -15% will not matter much at all in the end. It depends what the banks decide to do with what they have left. If we are right about the Dutch selling hundreds of tonnes, this will be a big plus, because it will show demand much bigger than commonly known. If India and the Middle East ( crashing oil revenues ) follow Asia, gold demand is in trouble. On the other hand, as you probably know, we are hearing of Japanese central bank buying. If true, and we have much smoke to this affect, it is a major gold,dollar and political event. Asian gold reserves are relatively very low. If Japan is buying and some other Asian countries follow suit ( 26% of Koreans say they want to commit suicide in a recent poll ) it will change psychology about gold from what CB's are selling as to who is buying and how much. $370 - $400 still on, but if the entire developing world really swoons from here, timetable pushed back 6 months. Japanese buying, and no collapse from here, could accelerate it. Bill