Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Murphy who wrote (179)	6/17/1998 2:40:00 PM
From: C Hudson	Read Replies (1) \| Respond to of 81106

Bill, I imagine you have heard of "ANOTHER". He is someone that wishes to remain anonymous and claims to be an insider in the gold markets. He started posting on Kitco but then moved over to the USA gold site. In his most recent writing, which is actually by a friend of his "Friend of Another" aka FOA, he speaks of the BIS as buying Gold. I have the post here. Could this be the central band buying gold and not the Japanese? If that were the case could you comment? 6/17/98 Friend of ANOTHER Michael, Another believes the BIS has actually entered the gold physical market. It was purchased through a Euro bank, not UBS and is continuing. It is not for the account of any country, but for BIS capital. They may announce this outright through the news services before he can write next week? My understanding is it was not for Japan! They were used as a diversion. For what purpose, I do not know? It could be they see the banks in Japan are about to fall under the capitol ratio rules as their market and economy takes a hit? The BIS may need the gold to cover any unpaid GF (gold Franc) reserve capitol due from BOJ? This is most likely the reason. Besides, during a crisis, it will be to late to patch up reserve ratios. If Asia falls before the Euro is in effect, Jan 1, it will take oil down with it in currency terms, along with an ensuing major reallocation of assets into gold. This could get very intriguing! FOA -------------------------------------------------------------------------------- 6/14/98 ANOTHER (THOUGHTS!)

To: Bill Murphy who wrote (179)	6/17/1998 9:12:00 PM
From: Bill Murphy	Read Replies (2) \| Respond to of 81106

George, I am using your post to present something that may be of interest. While I am pounding the table that a $50 move up in gold is probably in the works, nobody cares. The performance of the gold stocks today was a pathetic response to a $5 move. It appears to us that most participants in this sector are dead, therefore, no response. Dead people can do nothing with good news. This make the set up for a big move even more likely. Not to boast, but I do not know of anyone else that made the Yen call that Frank Veneroso made, and did it in advance to all of our clients. And most important, he gave the logic of why it should occur. On TV today and in all the printed reports we received, I could not find one "analyst or commentator that said what was done today would last. Pablem response about intervention and Tokyo has to x, y, and z. It was VERY CLEAR that everyone was taken by such surprise that they were talking their own book and positions. The hedge funds and big Wall Street trading houses had not had time to assess this surprise development, and did not want to talk publicly against their own positions ( the massive deflationary trade of short commodities, long bonds, short gold, short yen etc). This is a big deal. The response of the stock market says our people like this. Asia likes this. Europe likes . BIg trading houses and the hedge fund wolves are caught going the wrong way. The do not like this. I hope I am right, but gold could fly. Today's volume was mediocre, no panic by the massive spec shorts. With the big central bank selling over, or coming to an end, what looks like a big central bank buyer taking on the spec shorts, and with shorts in complacent abundance, we have a set up for some fireworks. Good night, Bill