Gold Gives the Buy Signal…

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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 due diligence check out this Bloomberg report here  and this piece of CNBC reporting here. For some good hard data on the the actual market dynamics check this out here.

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?