[NeoCaveman]

Maybe the IMF dumped a ton on the market?

I'm pretty sure China and others would probably buy up every bit the IMF wants to sell.

[DManA]

The IMF is planing to dump 403 metric tons. Yes it would be interesting to know what currencies they are buying. Probably a basket.

An endowment would be created with the profits from the limited sale of 403.3 metric tons of the Fund's gold holdings. If approved, gold sales would be conducted in a transparent manner with strong safeguards to ensure that they do not add to official sales and avoid any risk of market disruption.

Avoid market disruption. Yea right. http://www.imf.org/external/np/sec/pr/2008/pr0874.htm

[blam]

China Buys Gold That The IMF And Others Are Selling… (update)