Latest ECB gold sales agreement raises questions

``... we do agree with the analysts' viewpoints, at least for the time being. Under current conditions the European central banks would have little reason to sell gold -- indeed some would suggest they might even be in the market to purchase it should prices remain stagnant, or indeed fall, while non ECB central banks will probably continue their purchases.  But, over a five year term the situation could change dramatically and then any ‘plans not sell significant amounts of gold' could rapidly fall by the wayside.''