another gold video, page-14

Hercules

What did BIS actually say?

From the abstract of their Quarterly Review released on 10 December
http://www.bis.org/publ/qtrpdf/r_qt1212a.pdf

"In the three months to early December, forecasters cut their projections for global economic growth, yet the prices of most growth-sensitive assets rose. These assets benefited from further loosening of monetary policies and perceptions that some major near-term downside risks to the world economy had diminished. In particular, asset valuations reacted positively to new policy measures aimed at tackling the euro area crisis. They were also supported by news suggesting that a sharp and prolonged fall in Chinese economic growth was less likely. However, downside risks remained. Uncertainty about fiscal policy in the United States, which was on course to tighten substantially in the near term, encouraged cash hoarding and weighed on the prices of assets most vulnerable to budget cuts."

This is an appropriately circumspect, and far from an earth shattering assessment. You wouldn't get that impression from Arabian Money.