I talked to a senior IMF figure the other day and he thought it was unlikely that the IMF would sell its available gold. Evidently it has been forced on them by none other than the man who was responsible for Brown's Bottom - and his mates. I suspect that 403 tonnes which may be approved for sale later this year will be a drop in the bucket in the gold market and in any case it won't be sold in one go unless to a central bank. There are those with a powerful interest to ensure gold does not dive as well as those who want it to. The actual supply and demand may decide it.
