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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.

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From: Robov	6/23/2014 4:21:45 PM
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I'm sure this doesn't come as a surprise to any one here. It was pretty obvious that as last year unfolded and the measly delivery of 5 tonnes by year end that the Fed didn't have Germany's gold and they definitely do not want to state outright that their gold has been sold to China. Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands" Submitted by Tyler Durden on 06/23/2014 - 15:25 Several months after it was revealed that Germany was able to only recover a miserable 5 tons of its gold in all of 2013 (under 10% of the 84 tons it was scheduled to repatriate), Germany appears to have given up entirely in its attempt to recover gold which simply is not there, and as Michael Krieger reports, citing Bloomberg, has decided to keep "it" (by "it" we don't mean the gold since that clearly has not been at the Fed for decades, but merely the paper promises of ownership: for more see China's gold rehypothecation scandal and how the unwind works) at the NY Fed after all. That is to say, in the "safe hands" of former Goldmanite Bill Dudley.

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