St Andrew Goldfields Ord STADF

RE:RE:RE:RE:Germany repatriating some of its gold holdings

[fergus2]

EagleArc,

Although it's  pure speculation it's almost certain that the 1300 tonnes sold by Britain would  have gone to the U.S. The Bank of England and the Federal Reserve see eye to eye in most matters. Both banks even tie their interest rates to the unemployment figures I just can't see the Bank of England letting 1300 tonnes slip away to China or the like. No, I think the Americans leaned on the Brits and they in turn  released that tonnage to  them.  I have long felt there is no transparency in the gold market  and it is quite possible that existing spot supplies have been sold several times.

If things really are in a mess in the gold market (shortage of physical gold) and figures have been fudged, the only way they can get out of this is to withdraw stimulus which would probably pull the props out from underneath the gold market. But if they can't do it, gold goes higher,- and maybe much much higher  The backwardation in his market is very very unusual and it gives us pause to think about what is really going down here!!! So I guess we watch and wait for more clues in this saga.
As spooky as this missive sounds I'm not  into conspiracies and I think the "flush-out" we saw in the gold market back around June 25th was Paulson liquidating his gold position in a stellar case of capitulation and triggering masive stop losses all the way down.  

Eagl Arc, do you know when the Germans asked for their gold back?