With gold and silver taking a real beating for the last 4 weeks it’s important to keep one big thing in mind:
We are having record buys for gold and silver – in all markets and venues.
Central Banks alone bought over 400 tons of the golden stuff in 2012.
For those asking the obvious question – How can we see significant and sustained price drops while record buying on all fronts should be pushing gold ever higher?
I smell a couple of manipulation rats at play… but maybe I’m just the suspicious type.
What do you think?