Tonnes of gold in Spyder increased by 0.29 tonnes and the value of the gold in the Spyder trust decreased by US$184,007,433 last week. Charts below.
The central bankers have bellowed about arcing up the printing presses and set the markets into a risk-on mode. For anyone following the bank watch thread it appears that at least in Europe the Bunds which are the "good fuel" for European QE may not be coming to the party to set the presses on fire. We could be seeing a political stalemate developing in Europe over who keeps the bond bubble alive. Draghi's "whatever it takes" might not be enough. Eshmun