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Wednesday, 10/03/2007 4:40:05 PM

Wednesday, October 03, 2007 4:40:05 PM

Post# of 19037
central bank gold sales

http://www.drivehq.com/folder/p2642638/188584940.aspx

141 tonnes behind schedule, BUT does not include the Swiss and other non-CBGA bank sales.

estimate Swiss/other banks purchased about 110 tonnes, so my guess is European Central Banks sold about 470 tonnes of their 500 tonne maximum (i.e. 30 tonnes behind schedule).

This week only 1.1 tonnes sold PLUS we actually had one European Central Bank buying some gold coins...

"as well as the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement of 27 September 2004) and a net purchase of gold coin by another Eurosystem central bank."

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