> The ECB’s weekly statement of condition indicated "gold and gold
> receivables" rose E2Mm last week (0.9 tonnes) because of the "purchase
> of gold coin" by one captive CB. Last week’s number was a 0.37 tonne
> sale. A strange statement and possibly an unprecedented event in the WAG
> history: but in any case the ECB echelon of CBs continues to seem to be
> out of the market.

It is unlikely that a captive European central bank would buy 30,000 ounces of gold coin from its citizens in one month. This was likely a purchase form another cb. Could these have been $20 gold pieces from the 1934 confiscation? If true, it demonstates that the U.S. Treasurly no longer has any gold bullion.... This is the second week in a row in which the ECB sold no gold, but bought gold instead.