Gold & Silver Forum - Same old dirty TRICK

Richard Maybury - going up perhaps 10 to 30 times! HS

This is a drop in the bucket that attached to the rope that's going to PULL the $1,000 mark down and then use it for SUPPORT on the way toward wave 3 @ $3,500.

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400 Ton Gold Sale Clears House of Representatives
(imho) Jun 19, 08:05

EXPANDED IMF CREDIT FACILITY
Obama Administration gets IMF gold sales through House - ties it to security bill
The U.S. House of Representatives has passed a bill which included an expanded credit facility for the IMF and effective U.S. approval for the proposed IMF sale of 400 tons of gold.

Author: Lawrence Williams
Posted: Friday , 19 Jun 2009

LONDON -

The Obama administration has pushed a bill through the U.S. House of Representatives approving $106 billion in supplemental funding, primarily for the Iraq and Afghanistan 'security' efforts, but attached to it was also an expanded credit facility for the International Monetary Fund (IMF) of a massive $108 billion which included an agreement to allow U.S,. members of the IMF Board to agree the proposed $13 billion sale of 400 tons of IMF gold to shore up its finances.

In theory the US. approval of the IMF gold sale, which still has to pass through the U.S. Senate would be the final hurdle in the gold sale actually going ahead. But despite this there was virtually little or no impact on the gold market. In part this may be because of scant publicity being given to this part of the funding approval, but also in that firstly the gold market has largely discounted the IMF gold sale anyway, and secondly in that the IMF has said it will dispose of its gold in an orderly manner through a system such as the Central Bank Gold Agreement which limits sales volumes in a given year.