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

To: Crimson Ghost who wrote (720)	8/27/1998 9:13:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 81176

Hi George, Interesting comments because technically today is a disaster of the utmost order and will give the Elliot Wave theorists great heart in their predictions of a 35 XAU. For me, I note that the open interest is building big time with spec shorts piling in again , the bullish consensus ( 19 % ) is at a historical turning point ( which would confirm your bounce theory ) and the Chinese seemed to be determined to take on the hedge funds in Hong Kong. If they blow them there,after the Russian blow up, they could be forced to cover their massive gold shorts. For me gold could not look worse, yet, I think it could rally $50 per ounce in days or weeks. Especially if this prolonged Dutch CB selling is finally coming to an end.They have bopped the market recently at $290 basis Dec. like clockwork. I would like to take this time to thank you publicly for your enlightening commentary and as an inspiring force that has me launching ( soon ) a new kind of internet thing. I went to school to be in the restaurant business and have always wanted to have one. I also love the markets and the commentary surrounding it, so I am launching Le Metropole, The Cyberspace Cafe for Investors and Intellectuals very soon. The address is www.le metropolecafe.com. We are working on the posting forums right now. Tis a big task. I hope to attract ( because of those with your type of intellect ) the biggest gold following in the world. Gold analysis will be just part of it, however. I am assembling an economic dream team to talk about Asia, the U. S. markets, and the world financial markets. My recent dream team members are David Tice, who manages the Prudent Bear Fund and advises 135 institutions and Charles Peabody, a brilliant Harvard mind who is a banking specialist and oft quoted in Barrons and seen on CNBC. This should be much fun and I hope you will consider membership. All the best, Bill