timber. you state
..........when prices are falling, the actual amount of physical gold available for sale must be at even greater historic levels. I don't see a positive for the POG in that.
this was in relation to the massive purchases by central banks of gold.
the point you appear to be misisng is tha the banks wont be selling their gold, they are getting physical metal, not ETF's.
that is what has been sold off, and/or converted toguess what???... yes, more physical.
there is no sell off of physical gold and bullion changing hands. NOT EVEN cyprus, which is a furfy, put about by reuters, but with no correlation form the bloody people who are menat to be selling it.
and you don't think its odd. banks telling people to short gold, whild more gold is being purchsed by central banks than at any time since 1964, ( world gold council data)
or that the silver dollar sales in the US are at an all time HIGH, even in february tehy coulod not fill orders for the silver dollars, (9 remember?)
or more questionable is the insider trading in torontos exchange on gold juniors and miners is at high to extreme levfels, there is some serious action behind the scenes.
the nes out of the US is not going well, there is more to come I expect, slowing growth as tax hikes and spending cuts undo the QE-ternity effort, and that means more qe will come.
and not just from the FED. and BoE. etc etc.
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