Is this why gold is stumbling
This agreement between the EU countries is due to expire soon don't remember exact date. I think this agreement limited the amount of gold each members bank could sell during a 4 year period. The agreement is up for renewal soon so it makes sense sell your alotment from the old agreement or lose that option. Once the agreement is signed again the pressure should be off gold. I looked for the article I read it in and I think it was on kitco but a search there only found I article and it was no longer available.