RE: Friday who is dumping?From the ECU board (Tuesday if I recall). vhf is big on providing economic news on the ECU board.
"The just released data out of the ECB indicates that two banks sold another 11.5 tonnes of physical gold into the market over the past week and brings the 7 week total to about 100 tonnes. This total is a massive amount of physical and has just barely kept the lid on gold for now. With 100 tonnes being a nice "banker's" round number, perhaps we have seen the last days of the fire sale.
It appears da boyz are in the midst of taking PM's down this morning to carry through with the late afternoon swoon in the HUI yesterday. They better bring PM's down as much as possible today as any dovish FED talk tomorrow will really light the fire below gold and silver.
Regards - VHF"
Regards,
Wolffy