Wednesday, Jun 06, 2007
Selling the family silver ? whats going in Spain is there something we should know??
bloomberg.com: Gold Futures Fall on Bank Sales;
Spain's central bank reduced its gold holdings to 9.9 million ounces in May, from 10.8 million ounces at the end of April, according to a statement on its Web site today. The ECB said two members of the Eurosystem sold gold worth 29 million euros ($39 million) last week.``Central bank sales have been holding gold back,'' said Frank Lesh, a trader at FuturePath LLC in Chicago. ``What a better time for central banks to sell than on the rallies.''
Posted by chris @ 12:47 AM (129 views) Add Comment
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