Lots of shorting. Perhaps the shorts haven't heard, Chavez - the ?cheeky little chappy,? and proverbial thorn in the West?s side - has dared to ask for all his gold back? Possibly the biggest repatriation request in history, and assuming The Bullion Banks employ a Fractional reserve of x8+ leverage, the repatriation of 211 ton physical is one big new short squeeze on a 4K ton paper market.
near term target 39.75, page-78
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