[GoldNugget]

The Cheuvreux gold report is very big news!

I highly recommend reading the full report or at least the first few pages.

You can read the Cheuvreux gold report in pdf format here.

Here are a few articles about the report:

Chris Powell the Secretary/Treasurer of the Gold Anti-Trust Action Committee has this to say
about the Bloomberg coverage of the Cheuvreux gold report:

Look how desperately Bloomberg News Service
underplays and obscures the Cheuvreux report
on the suppression of the gold price by central
banks. And yet that Bloomberg feels compelled
to mention the report at all is a great triumph
for our side. It just gives you another
indication of how much gold and its friends are
up against from the financial and news media
establishments. But we're winning.

Bloomberg article on Chevreux Gold Report

Credit Agricole's report suggested some central banks may not have
as much gold as they have indicated. Many central banks sold or
leased gold to speculators in the 1990s to generate money from the
asset as prices slumped. Gold in New York reached a 20- year low of
$253.20 in 1999.

Central banks have loaned out 10,000 to 15,000 tons of gold
reserves, between a third and half of the reported total, Mylchreest
said. The bank said gold will reach $900 by 2009, up from a previous
forecast of $750.

"This report will cause many participants in the gold market to
reevaluate their intermediate and long-term outlooks," said Paul
Yusem, a Lombard, Illinois, gold investor. He boosted his forecast
for gold to average $640 an ounce in 2006, up from $574, after
reading Credit Agricole's report.

Resource Investor has a long story about the Credit Agricole/Cheuvreux
study endorsing GATA's findings on the rigging of the gold market by Western central banks.

Credit Agricole's Brokerage Declares "Start Hoarding" Gold!

St. LOUIS (ResourceInvestor.com) -- Cheuvreux, the equity brokerage house of the French bank Credit Agricole, distributed a 56-page report today endorsing the findings of the Gold Anti-Trust Action Committee (GATA) that the price of gold has been surreptitiously suppressed by Western central banks and that those banks do not have the gold they claim to have.

Broker Cheuvreux Ponders $2,000/oz Gold at mineweb.com

RENO--(Mineweb.com) In a January 30th sector report, the Parisian international security broker Credit Agricole Cheuvreux raised its mid-cycle gold price estimate from $750/oz to $900/oz, suggesting the possibility gold could climb to $2,000 an ounce and higher.

This report is from a Netherlands business television network, RTL Z, broadcast a report Friday about the Credit Agricole / Cheuvreux report endorsing GATA's findings about the suppression of the gold price by central banks.

Frans rapport: 'Goudprijs jarenlang gemanipuleerd'

Volgens een recent gepubliceerd rapport van Cheuvreux, onderdeel van Crédit Agricole, moeten we rekening houden met een ongekende stijging van de prijs van goud en goudaandelen.

Goudprijs
Op dit moment kost een ounce (ongeveer 30 gram) goud 570 dollar. Maar volgens Cheuvreux stijgt de goudprijs naar minimaal 900 dollar. Uiteindelijk kost een ounce mogelijk zelfs meer dan 2000 dollar, zo valt te lezen in het rapport van de Franse bank.

This report is from the Gold Price News.

Cheuvreux - Credit Agricole Report on Gold Price Suppresion

Cheuvreux, the equity brokerage house of Credit Agricole, the huge French bank, this week distributed a 56-page report that completely endorses in detail the findings of the Gold Anti-Trust Action Committee (GATA) that the gold price has been surreptitiously suppressed by Western central banks and that those banks do not have the gold they claim to have.

Gold: About Central Banks, And Liquidity by Australasian Investment Review

Many market commentators are currently bullish on gold, but few are as outright bullish as Credit Agricole group member Cheuvreux, the UK-based company recently lifting its mid-cycle gold price estimate to US$900/oz from US$750/oz.

It gets better though as Cheuvreux suggests the gold price could spike to US$2,000/oz (no, it’s not a misprint) or even higher in the current cycle.

Gold Bugs Eye $600, $850 and Far Beyond at thestreet.com by Nick Godt.

"Should the nominal high of $850 be touched, then the next target
would be $2,200," Lundin says.

That's also the call of French bank Credit Agricole Cheuvreux, which
sees the possibility of a spike to $2,000, without providing a time
frame, because of an upcoming short squeeze.

In making the call, Cheuvreux analyst Paul Mylchreest revisits a
conspiracy theory -- favored by hardcore gold bugs -- that central
banks have roughly 10,000-15,000 tons of gold less than their
officially reported reserves of 31,000 tons. Much of that disappeared
gold was loaned secretly over the years to bring down the price of
gold in times of crises, Mylchreest says. The banks' counterparties
meanwhile have to replace the gold they had borrowed and this is
causing a giant short squeeze, the theory goes.

Credit Agricole's Brokerage Says: GATA is Right, Start Hoarding Gold at dbusinessnews.com

Hartford -- Cheuvreux, the equity brokerage house of Credit Agricole, the huge French bank, this week distributed a 56-page report that completely endorses in detail the findings of the Gold Anti-Trust Action Committee that the price of gold has been surreptitiously suppressed by Western central banks and that those banks do not have the gold they claim to have.