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FSN: Bundesbank Won’t Explain Sale of Gold Even if it’s Only to Finance Ministry for Coins
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Ed Steer
Ed Steer’s Gold & Silver Daily
Yesterday in Gold and Silver
The spike in the dollar index produced a corresponding drop in the gold price in mid-day trading in the Far East yesterday. The low price tick of the day came somewhere just below the $1,720 spot price mark at the beginning of the lunch hour in Hong Kong.
From there, the gold price began to rally, but it was obvious from the price pattern that there was a not-for-profit seller lurking about…especially during the Comex trading session in New York…as every rally attempt ran into resistance. The New York low came at London p.m. gold fix, which was 10:00 a.m. Eastern time.
Continue Reading at CaseyResearch.com…
2012-11-22 09:43:00
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