yeah certainly got gold off its lows as that leaked out last week. but it relates to july aug sept
most interesting is that his main purchases were in the third QTR as sanctions started to bit and he bought it all from internal banks to help with liquidity. Note the price action of POG AUD over that time,,,,if he was recycling his petro dollars 9which are falling) to boosting liquidity for his banks that's a good thing except he lost for the entire time he was buying up big and is still down,,,,another central bank taking on losses to help its banks under pressure from the west.....
Imagine if Russia wasn't out purchasing to help their banks and local industry, as it accounted for most of the demand,,,well,,,gold would have been gonski'd by now,,,,which central bank will lend a hand this QTR,,,if Russia has now gone in to suck up all the local gold for itself to help banks and local producers, what's left to buy internally? not much I suppose,,,,,Putin now going to get the CB to go buy over in America now....
great story for selling POG clearly,,,Swiss story needs to build more steam before the Indians announce new curbs
