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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: teevee who wrote (92501)7/14/2012 11:17:15 AM
From: Hawkmoon  Read Replies (1) of 217654
 
Doug Casey brings to light the amount of Gold purchases going on by the CBs.. Traditionally, this is considered a contrary indicator when CBs buy something.. And could represent a top in the price of Gold..

The one thing I think Mr. Casey omits is that CBs have a desire to avoid any impression of deflationary forces taking hold of the global economy.. A collapse in the price of gold would create that impression..

So, the best way to preserve that illusion of "inflation" or price stability is for them buy gold and sustain it's price.

zerohedge.com
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