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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (55268)	9/21/2009 12:05:10 PM
From: Amark$p	Read Replies (1) \| Respond to of 217851

Think IMF will not sell gold to China at a discount. Also, believe IMF will sell gold periodically via ECB weekly reported gold sales. IMF may sell an initial tranche of gold to China at fair market value, but certainly not all. Better to leave the rest of gold as an overhang to influence investor perception on future gold sales. If all IMF gold sold to China in one transaction, then believe this would be very bullish for gold. Gold price would quickly rebound/break out above $1,030 as investors perceive that China walking the walk and there is in fact a Chinese put on the POG. Volume discount on gold...?, just not going to happen unless the gold is sold to the bullion banks... That's my opinion.