Blanchard's Neal Ryan on ECB's suspension of gold sales

10:25a ET Friday, June 1, 2007

Dear Friend of GATA and Gold:

Neal Ryan's daily note from Blanchard's Economic Research Unit offers some quick commentary on the European Central Bank's suspension of gold sales. Ryan writes that the gold price has held up well under heavy selling by central banks recently, and as that selling diminishes even as a miners strike in South Africa grows more likely, those who want to keep the gold price down will face much greater difficulty. You can find the Blanchard note at GoldSeek here:

http://news.goldseek.com/GoldSeek/1180710240.php

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

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