the puke indicator, page-84

Dillinja

"the point you appear to be misisng is tha the banks wont be selling their gold"

I can just hear the sellers discussing it:
"We better not hit the bid because those buyers will never let the stuff go." LOL

No. The sellers were asking for bids "in size" last night, and they didn't particularly care whether they came from central banks or piggy banks.

I think that the idea that central bank buying will put a floor under the price of gold is looking a bit lame.