>Please explain then, why is the price of gold going down?
Economics of production, risk arbitrage replacements, monetary policies of USA.
"if there is this type of buying - and why are only the "sales" of gold being reported, that continue to drive the price down?
Because the sales are news, the purchasers aren't news worthy. Buffet sells a stock, it makes news, you or me buying it doesn't. Has not the Asia buying gold been mentioned?
"There is something not right here."
Yes, there is; tell me what thou?
Have you considered that the US FED throu the FRB has bought this gold to stabilize their monetary growth components against other foreign assets structures. If one looked at the mean growth of the components one sees a trend. But rest assured that the FRB {the US FED's CB} has bought much gold in the last 2 years. The data is reported.
PS: But I'm not telling the whole truth. I've deleberatly ommitted something in my postings, that if you looked at the FED data. You'd see all the answers. And then your clarity would be known. Unless someone reads all the data, they will miss it....
For simple answers, read my website {when ready} |
