You know that the rally in Gold has reached bubble proportions when the International Monetary Fund (IMF) announces that they are selling a huge chunk of their gold reserves. The sale of a 12.5% share of their gold position is a big supply that is going to be coming onto the market, and could potentially pressure gold prices.
According to the Marketwatch report: " In a statement on Monday, Managing Director Dominique Strauss-Kahn said the IMF had made "difficult but necessary choices" to close an income shortfall and make the agency more efficient through a "new and sustainable income and expenditure framework."
The sale could generate over $13b. I knew that the IMF was a bloated bureaucracy that had all kinds of debt, but they need to sell $13b? Ouch.
Anyone who has sat through a U.S. Congressional hearing -- present company included -- will tell you that the hearings are often 99% exasperation and 1% illumination. 
Before the bell: Stocks futures steady ahead of GDP, housing data
Google's plan for netbook PCs moves higher into the clouds
So long peak oil, here comes peak uranium
