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

To: Stephen O who wrote (3279)	2/2/1999 8:54:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 81083

They are relentless and we will be too Stephen. bill

To: Stephen O who wrote (3279)	2/2/1999 9:20:00 PM
From: banco$	Respond to of 81083

Stephen, Today's Wall Street Journal feature, pg C1: "Gold Loses Its Luster As an Asset." Negative gold press is certainly on the rise over this past week. From today's WSJ article: "President Clinton reminded us of that fact yesterday when he submitted his fiscal year-2000 budget request to Congress. He told lawmakers he will ask them to allow the International Monetary Fund to sell $1.4 billon of its gold stash to finance debt relief for poor countries........For the past 10 years, central banks have sold an average of 9.3 million troy ounces of gold a year, according to Gold Fields Mineral Services." The article does not specify whether the sales are net sales. It does make a feeble attempt to balance reporting, though far outweighed by bold statements such as "Gold's crumbling popularity led to a sharp price decline between 1996 and 1998, from which the yellow metal still hasn't recovered."