Um ... right. OK.
"We have had relatively supportive news from the central banks, particularly in Asia, confirming that there is demand for gold as a means of diversifying their large foreign exchange reserves," RBS Global Banking & Markets analyst Daniel Major said. "There is plenty more potential for central banks to buy either IMF gold or other gold in the market to try and boost their reserves," he added.
Investor sentiment was bullish, highlighted by the news that the U.S. Mint said it was suspending sales of the popular American Eagle one-ounce gold bullion coins due to strong demand. India's Financial Chronicle newspaper said India is open to buying more gold from the International Monetary Fund, which has around another 200 tonnes to sell. The IMF had no comment on the report. The market is sensitive to speculation of further official sector buying after news in early November, that India's central bank had bought 200 tonnes of gold from the IMF, sparked a rally.
Russia, Sri Lanka and Mauritius have also previously announced gold acquisitions, and traders speculate that more central banks, particularly in Asia, could be open to gold acquisitions to diversify their foreign exchange reserves.
http://www.financialpost.com/news-sectors/story.html?id=2265757
One question I have is this: where is the gold coming from that the IMF is selling? And where is the price going when the IMF has no more to sell in its efforts to depress the price?
And why are the IMF and the US and Britain getting rid of gold when the rest of the world is acquiring it? I've read rumors that Britain's gold reserves are essentially exhausted.
Could any of this be a factor in the FED's desire to avoid an audit at any cost? Oh great and powerful OZ, uh I mean Fed, don't look behind the curtain.