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McBeanburger - Thu, 21 Dec 06 :

ECB selling (no link)

"The weekly ECB statistics revealed two "Eorosystem Central Banks" sold a total of E405 Mm of gold, 26.83 tonnes at the current book value. Of this, 23 tonnes is almost certainly the amount announced by the ECB on December 1st as being sold for their own account. Why they announce first and run it through the books later is a mystery. On that basis, the remaining 3.83 tonnes is lower than the 4.64 tonnes announced last week and far below the notional WAG2 weekly run rate of 9.6 tonnes."


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