Jeff Nielson: Collapse of official gold sales heralds much higher price

Section:

12:52p ET Saturday, June 19, 2010

Dear Friend of GATA and Gold:

Jeff Nielson of Bullion Bulls Canada examines the greatly diminished volume of official gold sales -- falling from 500 tonnes annually via the European central banks to only about 150 tonnes remaining to be sold by the International Monetary Fund -- and concludes that a major revaluation of gold is likely. Nielson's commentary is headlined "The Real Truth about the IMF's Gold Sale" and you can find it at Bullion Bulls Canada here:

http://www.bullionbullscanada.com/index.php?option=com_content&view=arti...

Or try this abbreviated link:

http://tinyurl.com/268czqc

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



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