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

To: Kaena™ who wrote (3398)2/12/1999 9:16:00 PM
From: baystock  Respond to of 81011
 
<< Several bullion banks are nervous and want to call in their gold loans. They're concerned with the problems in Brazil and fear that China is the next to devalue their Yuan currency.>>

If this is true, then the bullion bank that breaks ranks and calls in their loans first will get their money back. The others may have to accept some losses. Maybe we will see the same fireworks in gold this year that we saw last year in the yen/dollar market when the carry trade in that market blew up.



To: Kaena™ who wrote (3398)2/12/1999 10:00:00 PM
From: Bill Murphy  Respond to of 81011
 
Kaena,
Another fraternity brother. What this guy says is exactly what we have been saying at www.lemetropolecafe.com for some time. One of our guys, Charles Peabody, who was one of the only analysts on Wall Street to call for a 6$ handle on the long bonds,has loaded up on gold stocks for just those reasons.
Bill


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