Gold May Have More Price Support now Than at any Time Since 1989

The Daily Reckoning The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot [...]

New central bank gold sales plan seen as bullish for bullion

Third Gold Sales Pact to Plant Flag of Support By Veronica Brown and Jan Harvey, Reuters Thursday, April 30, 2009 LONDON — Gold bugs are tantalised by the prospect of a third European central bank pact to limit sales of the precious metal, with the International Monetary Fund seen figuring heavily in a move that should [...]