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

To: carranza2 who wrote (85906)	1/16/2012 7:57:34 AM
From: TobagoJack	Read Replies (4) \| Respond to of 218169

Just in in-tray The ECB’s balance sheet is a second area of risk. The ECB said yesterday that lending to Europe- an credit institutions fell by €18.3 billion to €237.6 billion. Meanwhile, the amount of securities held on the balance sheet increased to €273.9 billion and intriguingly, gold and gold reserves rose by €3.6 billion, allegedly due to quarterly revaluation (but gold actually fell in Q4) the sale of gold by a Euro-zone central bank to the ECB appears to be culprit. So some EU central bank is starting to sell the jewels in order to stay afloat. This must be the be- ginning of the end for that bank as the far easier sale must be to sell holdings of government debt. Were they discouraged from selling government bonds or did they simply make a decision to sell what they could? And where did the ECB come up with the finds to buy that gold? Horrors, did they print it?