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

To: Bill Murphy who wrote (4176)	3/12/1999 4:07:00 AM
From: long-gone	Read Replies (2) \| Respond to of 81019

<< This will be an interesting one to sort out as time goes on. >> Yeah, but time may be short now. Will the law suit go forward if we return to a "normal" gold market, I think there should not be some kind of punitave awards.... <<More good news from German Finance Minister Oskar Lafontaine. He resigned today. Oskar has been the big proponent of IMF gold sales. It can only help us gold family people to have him out of the political scene in Germany. >> I smelling a bigger story here. Just do't know what it is yet. << If anything sets off the gold market in a big way, some of these loans will not be able to be repaid. There will be "force majeures", defaults of all kinds and counterparty risk will become a word used many times a day by the gold community. >> It has all ready been set off Bill, it is just a very slow burning fuse. << U.S. banks and thrift lending institutions were warned by federal regulators on Wednesday to prepare for higher losses because of weak international markets. "We recognize that today's instability in certain global markets, for example, is likely to increase loss inherent in affected institutions' portfolios and consequently require higher allowances for credit losses than were appropriate in more stable times," said the joint letter to lending institutions from the Federal Reserve and four other regulatory agencies>> I heard this also, and suspect this was "code" telling big shorts to "unwind". Note that something has changed. POG is staying above $290. I'm smelling blood in the water, before they could hold it below $289 now it seems they are happy to just keep it less than $292! could they have averaged up?

To: Bill Murphy who wrote (4176)	3/12/1999 11:50:00 AM
From: long-gone	Read Replies (1) \| Respond to of 81019

<< Jay Taylor - Gold, Resource and Environmental Stocks Newsletter Preserving Wealth with Gold Shares One of the great risks investors face now that we are at the peak of greatest bull market in stocks the world has ever seen, arises from a widespread ignorance and bias against gold as an investment. Investors are constantly steered away from gold investments by Republican and Democrat Administration alike as well as Wall Street spin-doctors. Why? Because by relegating gold to the status of "just another commodity" in the minds of the public, the power to run the printing presses in order to pay for political favors and bail out corporate friends remains unchallenged. Moreover, a panic out of paper into gold, which has been superior to all other forms of money for thousands of years, would accelerate the demise of the U.S. Dollar and hence U.S. global economic supremacy. From the government's viewpoint as well as Wall Street's, investors must be kept believing paper money is better than gold so our promiscuous financial orgy can continue. Propaganda titles like "Gold has lost its luster" may shape opinion in the short run, but history is not on the side of paper vs. gold longer term. One does not need to look beyond the international bailouts of the past decade to see how the establishment protects its own. Large banks and most recently a huge hedge fund have been rescued by using "printing press" money to help them retain strong balance sheets when they would otherwise need to write off huge loans resulting from economic disasters like Mexico, Brazil, Russia and a host of Asian countries. International banking concerns like Citicorp, Chase Manhattan, Morgan Stanley and Goldman Sachs can confidently enter markets offering enormous rates of return without needing to face high levels of risk commensurate with those high returns. Firms deemed "too large to fail" are confident government will come to their aid, thanks to the ease of printing money.>> Geez Bill, Is this guy signed up yet for GATA? newsletterz.com