Jesse's Café Américain Mon 2009-10-26 09:51 EDT
Trend Change: Official Purchases from Central Banks Supporting Gold Price
Starting in 1989, the world's Central Banks became steady net sellers of their gold reserves which had been accumulated over the years...And now for something completely different, it appears that the world's central banks may once again become net buyers of gold, after a twenty year campaign of selling gold from their vaults into the public markets, creating a steady downward pressure on the price of gold, that contributed to its long bear market.
Central Banks Supporting Gold Price; Jesse's Café Américain; officially Purchase; trend change.