With BIS gold swap, central banks throw the kitchen sink at gold
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7:30p ET Tuesday, July 6, 2010
Dear Friend of GATA and Gold:
Western central banks have begun throwing the kitchen sink at gold, as word broke today of a monster gold swap undertaken by the Bank for International Settlements, which, as GATA noted the other day, long has been a center of surreptitious gold market intervention (see
http://jessescrossroadscafe.blogspot.com/2010/07/imf-engaged-in-gold-swa...