Are Central Banks the “Ultimate Herd” in the Gold Market?

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Thanks at least partly to contrary investing legend Gordon “Goldfinger” Brown, who sold 395 tons (60%) of the UK’s gold reserves between 1999 and 2002 for a whopping average price of $275 per pound (Wikipedia), central banks have been known as contrary indicators on gold. With the masters of the universe now beginning to load […]

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Out of the entire commodity sector, gold has the greatest tendency to disconnect from its underlying supply and demand fundamentals. Still, though, the fundamentals act as a rubber band on its price – when supply overtakes demand, prices will eventually fall. And of course, the opposite is also true. Thus, gold bulls are keeping an […]

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