Quote:
Originally Posted by ophiuchus
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I had a sleep and made my mind again. I can't imagine, they will do this. For more than 10 years western central banks agreed not to sell more than 400 to 500 tons of gold per year.
And now comes IMF and shall announce to drop 3000 tons into the market? If they really do so THEY HAVE TO! Since they need money too and this might be as well to rescue COMEX! These might be the only two reasons.
If they really drop it by ones into the market WE ALL KNOW that they have the clear intention to kill the PM market. I believe one phone call to China and they are more than happy to buy it up immediately.
3000 tons of gold is still pocket money for China.
Greetings, silverman