ZLATO – ECB odpredala 76 ton zlata

Počas 5 týždňov končiac 24. aprílom ECB odpredala 76 ton zlata a tým napomohla pribrzdiť cenu zlata pred očakávaným rastom.

GOLD SLAMMED BUT FIRM

Anyone wondering why gold has not made new highs during a time when the USDollar is teetering need only look to the official Euro Central Bank gold sales. Thanks to the Gold Anti-Trust Action (GATA) organization for their steady professional reporting on activity behind the scenes. Intrepid Blanchard reports the ECB sold a whopping 76 tonnes of gold bullion in the five weeks ending April 24-th, including 17 tonnes in the fifth week. That is a huge jump over their pattern in the last six months. They clearly waited for a time when the USDollar was exceptionally weak to dump gold. They call it dishoarding, in blatantly irresponsible fashion, since bullion is bank collateral for currency, the banking system, and their economy. These Keystone Gold Cops can only succeed in delaying the inevitable crescendo of a gold breakout. In the process they will destroy their currencys and banking systems. New highs for gold come soon!


In the spring of 2006, when the ECB last dumped a tremendous volume of gold bullion on the market, the gold price fell from $730 to $550. So the resilience of gold is vividly clear, powerfully strong. In the same cited five week time span during the most recent ECB gold dump, gold actually rose from $640 to $690, only to take a hit and find some temporarily stability near $680. When official ECB gold sales abate, look for gold to easily surpass the $700 mark and make new highs. Pressure is relentless and ECB sales will dwindle. Gold will continue to be disgorged from the vaults of these crippled and mindless central banks, intent on supporting an unsustainable fiat system. Experts believe Western banks are underwritten by gold pledges from the US Dept of Treasury in what is called in Orwellian style ‘deep storage gold’ to mean future mine output. But there is much more to the story.


NEXT: BREAKOUT TOWARD $750

In the next few weeks, gold will cut through the $700 price mark like a quiet hot knife. It would have done so already, if not for the COLLUSION between Barrick and Western central banks. The Euro Central Bank cannot keep its pace of official gold sales. They will undoubtedly NOT SELL as much as the corrupt Washington Accord dictates as allowable. This is much more destructive than burning the home furniture for winter heat. It is akin to burning the wooden support beams, burning the wooden load bearing pillars, burning the basement den, burning the recreation room, destroying the entire foundation to the home!!! The contractors are the corrupt gold miners who masquerade as miners, but are actually gold cartel agents. Imagine the wisdom of selling off your entire collateral for the currency and banking system, in utter desperation, hopelessness, and anguish!!! Keep up the hedge book covering, guys. We have been counting on you for a couple years. Continue to sop up and exhaust supply, wherever it comes from. BECAUSE WHEN YOU GUYS REST (COVERING HEDGES, DUMPING ECB GOLD BULLION), GOLD WILL ZIP EVER HIGHER. Its destiny is to do so.


Source: GoldS

11.05.2007

"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