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Gypsy
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Gold & Silver Market Morning - Julian D. W. Phillips - Gold Forecaster

Julian, there are some tough questions you need to answer. Back in 2004, the price of gold often dropped ~ because the central banks were often selling a few tons of gold into the market. Now, in 2013, the central banks are buying hundreds-of-tons of gold ~ and the gold price drops. It is obvious that the price of gold would drop if tons of gold were being sold into the market; but it isn't obvious why the price of gold is dropping while the central banks are buying 574 tons of gold a year now. Could you tell us why this "dropping price action" is so ??

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Beginning of the headline :Gold Today In New York the gold price pulled back $10 to $1,654.90 yesterday. In Asia it tried to climb back over $1,660 again before London opened. It Fixed at $1,660.50, up $4 and in the euro at 1,235.12. The euro weakened a little to 1: $1.3430 against $1. Ahead of New Yorks opening, gold was $1,662.80 and in the euro at 1,238.08. Silver Today Silver closed at $30.86 in New York. Ahead of New Yorks opening silver stood at $31.08.Gold (very short-term)We expect gold to continue to con... Read More

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