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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: pogohere who wrote (61905)	10/24/2008 2:47:07 AM
From: Valuepro	Read Replies (1) of 78410

From the same article you cite (found at a different link), but in on a related topic is news of off market gold transfers. "In Toronto this week, a major off-market gold transaction took place. The price paid was $1075 per ounce on the physical transaction. Its volume was in the multi-million$. There was no US involvement in the transaction, and the settlement was in euros. Enormous repositioning is ongoing by the groups that will participate in the new, partially gold-backed currency. My take is this movement is from a large financial entity with global activity, and ties to central banks. It might be tied to the upcoming split in the euro, into a Nordic Euro and trashed Latin Euro. The Nordic version might contain a gold component. This and other transactions are taking place with European settlement. They are being satisfied in the alternative market, far from the distortions of COMEX. This was a physical transaction with the real metal being moved. Big shifts occur behind the scenes. A couple of months ago, 400 metric tonnes were moved into storage with the Royal Canadian Mint by a sovereign entity." financialsense.com

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