"Central banks have been consistently adding to their gold holdings since 2009," - From above
And then we have this which part explains the above, (yesterday's Daily Pfenning) "Total Net TIC Flows showed that September saw a negative $55.6 Billion come out of Treasuries by foreigners. "
And today I notice the US$ is up substantially (courtesy of a very weak Euro).
So putting it all together, foreigners are not buying USTreasuries ( they don't want US$ in other words, they don't like Euros, is it any wonder they are buying Gold?
Question is for how much longer can this fool's gold price continue?
