IMF Announces Gold Liquidation, Sending Bulls Hiding In The Corner
The International Monetary Fund will sell off 191.3 metric tons of gold it has lying around in “phases” so that it won’t disrupt markets. Too bad no matter what the IMF says, the move will no doubt drive the price of gold lower. Dow Jones ( via Zerohedge): …. @Bill: My specific prediction is that gold is peaking and will crash to about 700-800 range. They would crash it further if they can – teach China and India a lesson that way. Burn them from hoarding gold. …
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