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0.51% $1,391.7 gold futures

the great gold scramble begins

  1. Chuckey
    2,063 Posts.
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    18/08/11
    07:30
    Post #: 8837080
    Hugo Chavez may soon find himself staring down the barrel of US and ally gun barrels if todays news in Bloomberg and the Wall St Journal is conformed. Venezuala has asked for 100 tons of its gold to be returned from deep storage vaults at the bank of England AND JP Morgan. The BOE holds much of the gold about 10% of GLD.

    http://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-great-scramble-physical-starting

    In the words of GATA:
    Good luck, muchachos!
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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