Resource Investor: Central banks frantically hasten gold sales

By Jon A. Nones
Resource Investor
Wednesday, May 2, 2007

As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.

Central bank gold activity is the largest supply side component of the market, comprising nearly 13 percent of global supply via annual sales, excluded gold swapped or loaned in the market. ...

* * *

For the full story:

http://www.resourceinvestor.com/pebble.asp?relid=31420

* * *

Join GATA
at the
World Gold, PGM, and Diamond Investment Conference
in Vancouver, British Columbia, Canada
Sunday and Monday, June 17 and 18, 2007

http://www.cambridgeconferences.com/ch_june2007.html

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.