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Full Version: Get Ready: IMF Gold sale likely
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senorBS
is going to be muy importante, get ready for a wild ride.

http://today.reuters.com/news/articleinves...T_0_G7-GOLD.XML

NO BS

Senor
leocleoc
If my memory is working correctly, the last time these type of sales occurred it resulted in a drop of gold prices that lasted several weeks. Can anyone help me remember?

Thanks in advance.



QUOTE (senorBS @ Feb 10 2008, 05:52 PM) *
is going to be muy importante, get reday for a wild ride.

http://today.reuters.com/news/articleinves...T_0_G7-GOLD.XML

NO BS

Senor
dougie
agreed. the reaction...
dharma
yes, initially the sales will drop the price. however,it will only present a buying opportunity. the sales will cause a correction in the prevailing trend. and my guess is the gold sale never hits the market, but is absorbed by one or two buyers.
dharma
gvc
Most likely China central bank cashing in some of there crappy US $ reserves
Gold3600
Great wall of worry perhaps?
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