Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: long-gone who wrote (3839)	3/3/1999 8:21:00 AM
From: lorne	Read Replies (2) \| Respond to of 81794

Hi Richard, how about this statement--- "It is our view that IMF gold sales are overrated as a negative factor for gold and other than their psychological impact, we do not see such sales as a meaningful price influence," London--Mar 3--Merrill Lynch analyst William O'Neill believes any sales of gold by the International Monetary Fund would be "parceled out at a slow pace that would probably not disturb the market." "It is our view that IMF gold sales are overrated as a negative factor for gold and other than their psychological impact, we do not see such sales as a meaningful price influence," he said. Merrill pegs the range over the next 60 days between $280 and $300. By Elise Shaw, Bridge News, Story .14826 They still use the same old thing guess it still works. Bucharest--Mar 2--A Romanian central bank spokesman today rejected market rumors that the bank would have to sell some 40 tonnes of gold from its reserves to cushion its hard currency reserves through May-June, when Romania is due to cover $937.3 million in foreign obligations. By Bridge News, Story .14885 London--Mar 3--UK Chancellor of the Exchequer Gordon Brown today restated the UK government's support for a range of enhanced debt relief measures for the world's poorest nations, including the sale of at least US $1 billion worth of IMF gold. Brown unveiled a repackaged set of UK government proposals for poorest country debt relief, and a fresh call on charities and other non-governmental organizations to do more, following a meeting with church leaders today. Story .15281 crbindex.com

To: long-gone who wrote (3839)	3/3/1999 8:34:00 AM
From: Bill Murphy	Read Replies (2) \| Respond to of 81794

Richard, Sounds like we are in the same boat. The good news is we are gaining in credibility and it is very satisfying. But only a first step. Certainly would not expect a Senator to agree with us. At least in public. While we personally believe the FED is all over this, we cannot take them on from a legal standpoint. It would be a loser. No way to win. Commentary from Midas OK From RH. OK. But, it will get us nowhere in the big arena. Still cant get your email to go thru. Bill