On IMF Gold Sales, Fed Rate Hike, China, Soros and Inflation

Jason Hamlin submits: IMF Announces Gold Sales, Precious Metals Investors Yawn Investors completely shrugged off news of the IMF gold sales as the price advanced $20 following the announcement. There are questions as to whether the IMF actually has physical gold to sell and there is historic correlation of gold going up after such announcements, [...]

So where’s Yamashita’s silver?

1p ET Sunday, October 18, 2009 Dear Friend of GATA and Gold (and Silver): In reply to Thunder Road Report editor Paul Mylchreest’s new study of the gold market (http://www.gata.org/node/7906), which concluded that the market is either terribly short real metal or is laundering fantastic amounts of improperly obtained gold, perhaps the fabled “Yamashita’s gold” [...]

IMF Gold Sales

Bullion Vault What the IMF and CBGA gold announcements say about central bank demand… WE HAVE BEEN waiting such a long time for clarity on how International Monetary Fund (IMF) is to conduct its gold sales of 403.63 tonnes, writes Julian Phillips of the Gold Forecaster.The IMF Executive Board has now approved those gold sales. Now the [...]

IMF Gold Sales Vacuumed Up by Governments

Mark O’Byrne submits: Gold As some strength returned to the beleaguered dollar overnight, the appetite for financial insurance in the form of gold waned slightly. Gold slipped as low as $995/oz in early morning trading but has rebounded to be currently trading just below $1000/oz. The news that the IMF are to sell over 400 [...]

New Central Bank Gold Agreement cuts cap 100 t/y – IMF gold sales not part

The third Central Bank Gold agreement has been signed and will move into place on the expiry of the existing agreement. The annual sales quota has been reduced and there is no mention of any change in lending limits. Read more….

IMF Gold Sales: Who & How?

Bullion Vault Who will buy the IMF’s gold, and how will the sales be conducted…? SO AT LAST, the US Congress has permitted its representative at the International Monetary Fund to vote to sell the 403 tonnes of gold the IMF bought from Brazil and Mexico 10 years ago, writes Julian Phillips of Gold Forecaster. [...]

China and IMF gold sales — the real story

GoldSeek China’s recent veiled threats towards the establishment have been taken to heart. As China announced increased gold reserves from 600 to 1,054 tonnes it was an obvious warning. Initially I thought it was a direct threat against the ocean of treasuries being issued, but I think I have a clearer answer now. China wants [...]

IMF gold sales clarification welcomed by World Gold Council

The U.S. House of Representatives’ passage of a bill which would effectively allow the IMF to sell 403.3 tonnes of gold has been welcomed by the World Gold Council which feels the sale will have no impact on the global gold market Read more….

Congress approves IMF gold sales, line of credit

Congress Backs War-Funding Bill, ‘Cash for Clunkers’ By Brian Faler, Bloomberg News WASHINGTON — A $106 billion war-spending bill won final congressional approval after the Senate voted to retain a “cash for clunkers” provision aimed at helping the auto industry. Action by the Senate today sends the measure to President Barack Obama for his signature. [...]

Gold Unmoved by IMF Gold Sales Approval; Obama’s Chief Advisor Calls for "Sustained" Stimulus

By Adrian Ash, GoldSeek THE PRICE OF GOLD held in a tight range Friday morning in London, little changed from last week’s close as government bonds ticked higher and world stock markets rose. Recording an AM Gold Fix at $933.75 an ounce, the Gold Price slipped for non-US investors as the Dollar lost ground to [...]

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