Resource Investor: Central banks frantically hasten gold sales

Section:

By Jon A. Nones
Resource Investor
Wednesday, May 2, 2007

As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.

Central bank gold activity is the largest supply side component of the market, comprising nearly 13 percent of global supply via annual sales, excluded gold swapped or loaned in the market. ...

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For the full story:

http://www.resourceinvestor.com/pebble.asp?relid=31420

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