South Africa provided news a couple weeks ago about problems providing power for the many mines. The recent run up in Platinum is the result and gold will follow.

Now mali anounces reduction in gold production..... Will the central banks dump into this reduced production to save the US dollar.... or have they run out of bullets.......

Why is it that almost so many central banks have sold their gold but the US supposedly has not...... has the US used the foreign banks as a jitney to sell their gold to support the US dollar?

Even if they still hold the 7500 tones that is a very small dollar amount when compared to the US dollars held in foreign banks.

1 tone = 32,152 oz.... do the math. In a global context the US holds only a few hundred billion in gold assets against many trillions of paper money.

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Mali sees 2008 gold output down 12 pct to 50.11 T