The 3 month tally of IMF gold sales is as follows:
February 2010 - 5.6 tonnes
March 2010 - 18.5 tonnes
April 2010 - 14.4 tonnes
Total Feb-Apr (3 mths) - 38.5 tonnes
That leaves 152.8 tonnes remaining from the last offical announcement of a 191.3 tonne sell off.
Perhaps these measured IMF sales can explain a lot of the so-called 'unknown unknowns' and often discussed, counter-intuitive disconnects...?
Physical Delivery vs Paper (Certificated) Rights springs to mind.
If a delivery of physical is demanded and the holder refuses to accept paper in kind (of any form) then the IMF sales may just be the method through which delivery obligations can be met without throwing the COMEX-LBMA into chaos.
