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Grandich Letter: Take no prisoners
By Steve Whitehouse
AFX News
March 31, 2006
http://www.forbes.com/markets/feeds/afx/2006/03/31/afx2636295.html
FRANKFURT -- The European Central Bank said it has sold 57 tons of
gold as part of the 2004 central bank gold sales agreement.
But it said it does not plan any further gold sales in the next six
months.
"The European Central Bank has completed a programme of gold sales
amounting to 57 tons of gold. These sales are in full conformity
with the Central Banks Gold Agreement, dated 27 September 2004, of
which the ECB is a signatory. It is not the ECB's intention to sell
more gold for the second year of the agreement, starting on 27
September 2005 and ending on 26 September 2006," it said.
The gold sales agreement was signed by the ECB, the 12 national
central banks of the euro zone and the central banks of Switzerland
and Sweden, who agreed to limit their combined gold sales to a
maximum of 500 tons per year over a five-year period.
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http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
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Ted Butler silver commentary archive:
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----------------------------------------------------
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