Chavez might have been crazy like a fox - now Germany and other european countries are asking whether their gold is safe at the NY Fed , where is the gold coming from for interventions and who will be the bagholders ?

http://harveyorgan.blogspot.com/2012/03/gold-and-silver-reboundgold-and-silver.html

Today, Jim Sinclair was on  KingWorldNews and he asserted that Europeans are afraid that the gold that is entering the markets is in reality gold stored at the Federal Reserve Bank of NY.

This gold is earmarked and cannot be used at all by the USA.  All hell will break out if they are selling gold
stored at this foreign depository.

(courtesy KingWorldNews and GATA)

Europeans fear that Fed uses their gold in interventions, Sinclair tells KWN

Submitted by cpowell on Thu, 2012-03-15 20:58. Section: Daily Dispatches

4:52p ET Thursday, March 15, 2012

Dear Friend of GATA and Gold:

Trader and mining entrepreneur Jim Sinclair today tells King World News that while central banks would want the gold price to be "soft" during Greece's "credit event," European countries are beginning to worry that their gold might have been misappropriated by the Federal Reserve for such an operation.

Sinclair also says that interventions against gold have been going on for a long time and are having diminishing effect, and the recent one won't be any different.

An excerpt from the interview with Sinclair is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/15_Si...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.