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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (175079)9/19/2009 9:54:28 AM
From: Rocket Red  Read Replies (1) | Respond to of 314134
 
This gold sale is old news anyways and maybe Abx buys a big chunk of it with the 5 bil there just raised too pay off there hedges

IMF sales could be that number but does not have too be anyways.

IMF needs the cash thus the sale of gold,Gold pretty much useless sitting in a vault collecting dust if you never do anything with it



To: tyc:> who wrote (175079)9/19/2009 10:37:33 AM
From: jpthoma1  Read Replies (4) | Respond to of 314134
 
If they haven't signed the convention (I think they didn't), their sale is not subject to the 400 tonnes limit. So, it could reach 800 tonnes.


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