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

To: Amelia Carhartt who wrote (1396)	10/6/1998 9:36:00 PM
From: Bill Murphy	Respond to of 81502

MSB, Well, if my very conservative source is correct, you will be in the chips. I will also report tomorrow that Long Term Capital has been let out of their 300-375 tonne short gold position by another central bank. This is part of what I have been talking about in my Midas du Metropole commentary. In some sense this has cleared the way for gold to start moving up again has our government could not let that happen before Long Term got out or their entire bail out plan would have gone up in smoke. They were trapped. One cannot just buy 300 to 375 tonnes of gold. That purchase would have put Long Term right back in the tank. This is very bullish in a way. To put it in perspective,if a central bank sold 350 tonnes of gold at the market in the past, the price of gold might have gone down $60 per oz. The price has barely budged. All the best, Bill