Another act of desperation for the banker trust-
edition.cnn.com/2008/BUSIN.../index.html
of course it could be legit short covering, but I think the shock value of '400 Tons' is a huge play, especially after they admit it will be spread over 10 yrs...hmm
anyway, it will be interesting to see if - a) it greats a great buying opportunity, however short that might be or b) a non-event in the gold markets, which should _really_ shake them up
edition.cnn.com/2008/BUSIN.../index.html
of course it could be legit short covering, but I think the shock value of '400 Tons' is a huge play, especially after they admit it will be spread over 10 yrs...hmm
anyway, it will be interesting to see if - a) it greats a great buying opportunity, however short that might be or b) a non-event in the gold markets, which should _really_ shake them up
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Re: IMF may sell 400 tons of gold
Tue, April 8, 2008 - 11:01 AMMy guess is that they wanted the announcement to move the market. -
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Re: IMF may sell 400 tons of gold
Mon, April 14, 2008 - 8:41 PMEurope and Asia will probably buy lots of gold in dollars if the price drops in reaction to the IMF supply. People holding Euros and Pounds consider gold a bargain priced in dollars. I think 400 tons over 10 years will slow down the bull market in metals, but it won't suppress it for very long. There's just too much toxic money and credit out there..with a world overpopulated and depending on phony money systems. Hold your gold for the long run and keep educating and recruiting people into precious metal movement.
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