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To: jpthoma1 who wrote (175083)9/19/2009 11:59:43 AM
From: grampa  Read Replies (1) | Respond to of 314136
 
Anyone here anything about GXS ?? Pretty good 'pop' Friday.



To: jpthoma1 who wrote (175083)9/19/2009 1:37:17 PM
From: tyc:>  Read Replies (1) | Respond to of 314136
 
Perhaps these lines put the matter into a better perspective:

"We forecast, therefore, that the official sector will generate net demand of more than 20 tonnes in the second half, resulting in net sales for the full year of just 16 tonnes, which would be the lowest annual total in over two decades. Moreover, this could represent the beginning of an important change in trend from the one prevailing between 1989 and 2008 when central banks were major net suppliers of gold to the market, according to our data at an average annual rate of just under 400 tonnes, equivalent to a hefty 11% of total supply over the twenty year period.

"Over the next year or two this new trend may be obscured somewhat by the planned sales of 403 tonnes of IMF gold, assuming, of course, that there is no off-market transfer of some or all of this bullion to an official sector buyer, something we think improbable but by no means impossible.

"Once the IMF sales programme is completed, however, we would expect the official sector as a whole to have a broadly neutral impact on the market. This would represent a return to the situation prevailing in the 1970s and 1980s when the official sector was a net buyer in some years and a net seller in others."

commodityonline.com



To: jpthoma1 who wrote (175083)9/25/2009 9:43:47 PM
From: tyc:>  Read Replies (1) | Respond to of 314136
 
You may wish to note item #3 of this posting :

Message 25972814

"•3. The signatories recognize the intention of the IMF to sell 403 tonnes of gold and noted that such sales can be accommodated within the above ceilings."



To: jpthoma1 who wrote (175083)9/25/2009 11:38:56 PM
From: Proud Deplorable  Respond to of 314136
 
So who cares? The question is who is buying it? You can't sell without a buyer so it doesn't affect the price, never has. I've seen these threats and attempts to talk the market down for years now and it's a big YAWN. The 10 year gold chart proves this. (Eat your heart out Prechter. Ah never mind, Prechter has been soundly and totally discredited and should find a new career).

If China, Cuba, Iran, Russia, India is buying then its too damn bad for the idiots that are selling their gold. Nothing good can come of this for countries that sell their gold.