Quite recently the Group of Seven (G-7) approved the sale of gold by the International Monetary Fund (IMF) from April as part of a broad reform of its budget, but the big question is whether the U.S Congress (USA is the largest single member nation + the largest single contributor of the IMF's gold) is going to authorize the reform + I think a win or a loss for gold may depend on the precise size, timing and methodology of the disposals + the best thing to do is to watch the US dollar and equity markets (prime movers for the precious metal) and see if the proposed sale is going to impact gold market prices.
Useful links:
www.imf.org
www.bis.org
www.ecb.int
www.thegartmanletter.com
www.thebulliondesk.com
www.kitco.com
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