Ronan Manly: End of gold agreement liberates central banks to start buying


3:41p ET Friday, July 26, 2019

Dear Friend of GATA and Gold:

Bullion Star gold market researcher Ronan Manly today describes how the European Central Bank's series of agreements on gold was always just cover for liquidation of longstanding gold leases, not any attempt to stabilize and bring transparency to the gold market. Manly adds that the expiration of the current agreement and the decision not to replace it may liberate participating central banks to start purchasing gold.

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Manly's analysis is headlined "By Not Renewing the CBGA, Central Banks in Europe Look Ready to Buy Gold" and it's posted at Bullion Star here:

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

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