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Re: amarksp post# 15707

Wednesday, 05/10/2006 12:11:05 AM

Wednesday, May 10, 2006 12:11:05 AM

Post# of 19037
thanks basserdan, much appreciated.

from LMC:
The weekly ECB statement of condition reported a gold sale of E916Mm last week, 59.05 tonnes at the current book value. Four banks were reportedly involved. Almost certainly, 57 tonnes of this was the sale announced by the ECB itself on March 31, which had not previously shown up in the accounts. Exactly the same thing happened last year. This leaves 2.05 tonnes to be split amongst 3 banks – so small as to suggest calls being exercised. At 25 year highs, the ECB group of Central Banks appear to have flinched from selling.



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