Maybe worth noticingIt seems that in spite of indicators that would normally send the price of gold south, the metal appears to be holding its own
I have a feeling that the significant purchases by China's and some other countries central banks are finally beginning to affect the price.
One recent article I saw revealed that China is buying every ounce they can get their hands on.
In light of this observation, I would hate to think of where the price would be if this buying hadn't been going on.
There does not seem to be any speculation in the mainstream media as to the possible reasons for the purchases. In fact, if it weren't for sources like Kitco, most of the public would not have a clue about any of this.
I bet I know what they intend to do with that gold.