GOLD gold futures
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Brilliant article by James Turk, thanks AdWebster!This provides...

  1. rowingboat
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    11/10/08
    15:57
    Post #: 4376977
    Brilliant article by James Turk, thanks AdWebster!

    This provides the information I was after regarding gold's pricing mechanisms.

    So prices are set in the primary market at the LBMA and are directly linked to COMEX.

    So while there is unprecedented demand for gold in the secondary retail market, the bullion banks need to keep finding the gold to feed the LBMA.

    No conspiracy here; just normal market action. Eventually the retail demand will force prices higher as Turk explains. Excellent!

    Rowingboat.


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