Neal Ryan: Gold thrives despite three months of record bank sales

10a ET Tuesday, June 5, 2007

Dear Friend of GATA and Gold:

Today's Blanchard Economic Research note by Neal Ryan reports that no three months have recorded as much central bank gold dishoarding as the last three months, and yet the gold price has held up well, signifying powerful demand.

Ryan writes: "If you can figure out what's affecting prices, then it's easy to pinpoint that during a period of increased bank sales, it is an opportunity to buy. As has been proven after every major set of bank sales in the last decade, the price goes higher after the sales are done."

You can find Ryan's note at GoldSeek here:

http://news.goldseek.com/GoldSeek/1181055840.php

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

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