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Message: G20 decision to sell gold

G20 decision to sell gold

posted on Apr 03, 2009 04:36PM

Don Vialoux, a technical analyst who operates a free website with daily technical updates on the markets (www.dvtechtalk.com) reported earlier today that gold was down following news from the G20 meeting that the IMF has agreed to sell 403 tons of gold to raise funds to support the world’s poorest countries. China is rumored to be interested in buying the gold. Gold is just below $900 this evening, so the damage is not bad considering the amount of gold being sold. Best to all... Isaiah

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