European central bank sales rise sharply but fail to keep gold down

9p ET Tuesday, March 27, 2007

Dear Friend of GATA and Gold:

Resource Investor's Jon Nones reports that European central banks have sharply increased their gold sales over the last two weeks. Nevertheless, the gold price is about $25 higher than it was at the start of the month.

Keep selling that gold, dear Western central bankers. Please sell it all, quickly. The other side of the world and some of your own people are eager to pick it up; they're not fooled by your market rigging anymore. As Jim Sinclair often has remarked at JSMineset.com, the more they sell, the higher the price will go.

You can find the Resource Investor report here:

http://www.resourceinvestor.com/pebble.asp?relid=30264

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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