Blanchard note: Record central bank gold sales offset miners' dehedging

Section:

10:15a ET Tuesday, May 22, 2007

Dear Friend of GATA and Gold:

Today's Blanchard Economic Research note reports that Western central bank gold sales are offsetting the recent dehedging being done by gold mining companies, and that these sales have just reached record levels.

GATA would say that this is far more than coincidence -- the manifestation of government policy to suppress gold in the central banks' unending battle against honesty in the currency markets.

You can find today's Blanchard note at GoldSeek here:

http://news.goldseek.com/GoldSeek/1179846240.php

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

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