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Message: Third Gold Sales Pact to Plant Flag of Support

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Re: Third Gold Sales Pact to Plant Flag of Support

posted on Apr 30, 09 10:45AM

* Third Central Bank Gold Agreement mooted by ECB

* IMF gold sales of 403.3 tonnes could be made under pact

* China turns buyer, lending support to the market

Geez, where would the gold market be without the support of the Chinese at this juncture? I bet they're REALLY pissin the Fed off by buying gold at a time when they would like to see gold's value depreciate. I think the Chinese will end up winning this battle eventually simply because they have more capitL.

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