ZLATO – odpredaj zlata CBs

Odpredaje bankami majú za následok, že úroveň $700 nebola doposiaľ dosiahnutá.

"ECB gold sales have been updated for the past week and again we've seen another week of massive sale increases. Two ECB banks sold 17 tonnes of gold into the market over the past week. In the last five weeks, ECB banks have dumped over 76 tonnes of gold into the market, a drastic change from sales levels over the previous six months. There are only one time in the last two years there has been this high a level of gold sales into the market in such a short period of time. The last time the gold market saw these levels of sales was May of '06 when prices peeled off of $730 and fell back to $550 over the length of the sales. Gold has increased $50 per ounce in the face of this supply increase. We will continue to harp on this issue because it is the clearest indicator of the robust physical demand currently in the marketplace. We believe once these sales moderate that the $700 will be a given…in fact, it is our belief that these sales are the only reason we haven't seen that level yet."


In short, gold has made the last $50 up move INTO MASSIVE SELLING by European CBs. This is the first time such an occurance has been recorded and it demonstrates how precarious the filth's position is.


One has to wonder if "they" know something that would cause gold to explode and are counting on a possible force majure to halt trading in gold or ??


I am very suspicious. If I am wrong gold is about to make a very large move despite the efflent flowing form the filth.


Source: GoldS

25.04.2007

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan