I am asked constantly to comments on the impact of central banks selling gold.
1.Historically it has confirmed a bull market in gold about to go ballistic.
2. Very little, if any, ever sees the open market as it is traded between central banks.
3. IMF selling in the 70s brought huge interests into gold at one singular price.
4. IMF selling in the 70s therefore can be seen as a significant plus for the price of gold as it laid down a gangplank UPON WHICH MAJOR INTEREST joined in the bull gold market.
5. Threatening to sell has more impact than selling, and that has always been a buying opportunity.
1.Historically it has confirmed a bull market in gold about to go ballistic.
2. Very little, if any, ever sees the open market as it is traded between central banks.
3. IMF selling in the 70s brought huge interests into gold at one singular price.
4. IMF selling in the 70s therefore can be seen as a significant plus for the price of gold as it laid down a gangplank UPON WHICH MAJOR INTEREST joined in the bull gold market.
5. Threatening to sell has more impact than selling, and that has always been a buying opportunity.