I think we are nearing the end of this exercise in bullion inventory adjustment and price driving selling patterns that started in October.
While this most likely had its impetus in the official, in practical implementation it smells like Wall Street asset stripping to me.
That is another term for a stealth confiscation through price manipulation.
But why speculate. Let's see what happens.
Gold is still flowing from West to East. There is no doubt about that.
I just wonder how many of the Banks and their friends have used this policy opportunity to wet their beaks, and feather their own nests for the future.
Am I being too cynical? Are you serious? What market haven't they rigged lately?