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

To: Bill Murphy who wrote (3268)	2/1/1999 5:57:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 81084

Gold posted its biggest one-day gain in four weeks as concern eased that European central banks will sell their some of their reserves, after comments by European Central Bank President Wim Duisenberg that central banks shouldn't sell their reserves, analysts said. ''Gold has room for a build, especially if the ECB is firm about not selling any,'' O'Neill said. Gold for April delivery rose $2.70, or 0.9 percent, to $290.90 an ounce on the Comex division of the Nymex, its biggest one-day jump since Jan. 7. In London, gold for immediate delivery climbed $2.60 to $288.75 an ounce during interbank trading. Duisenberg, speaking Friday at the World Economic Forum in Davos, Switzerland, said that central bank gold reserves are ''reserves to hold and not to spend.'' Bill, I think that your CNBC appearance and GATA are having an effect. Gold reserves are "reserves to hold and not to spend" let me add "and not to lend"