RE: IMF sells gold to the Central Bank of BangladeThe IMF has a certain number of tonnes of gold to sell before it is cleared of its position. I have heard the number but cannot remember how many it is. The belief is that once those are sold gold may take a run up. I don't think this 10 tonnes was the end of it but it is just a matter of time before that happens and higher gold prices are at hand.
cliff - the support and runup are already too sustaining to think that it is just Andean supporting us here. There must be action in the bullpen and yes our numbers are cheap. Today, I would bet a lot that we won't see $1.50 again... Ever! Don't want to get excited here but I think finally we are getting played and the good thing I see is not many are leaving the party early. Certainly not me anyway.
It won't take too many big buyers to move us to the next level.