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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST

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To: TobagoJack who wrote (26921)12/27/2007 7:50:42 PM
From: Amark$p  Read Replies (1) of 218203
 
Well, the ECB central bank gold sale numbers announced today were actually commented on about 10 days ago by the ECB, but just now being reported officially.

YTD, they are still 17 tonnes behind schedule (not including Swiss Sales). Namely, 103 tonnes actual vs 120 tonnes scheduled. That ECB sale finally showed up this week...

drivehq.com

YTD Swiss sales could be fairly substantial given Swiss sales in prior quarter, so it is possible ECB central bank gold sales are actually ahead of schedule by 20 tonnes or so YTD. We will not know until the Swiss report separately later next month... All in all, appears that central banks are on target to meet their 500 tonnes of gold sales this fiscal year ending Sept 2008.
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