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Old 07-07-2013, 09:45 PM   #600
baja
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Quote:
Originally Posted by DenverBrit View Post
Baja, where do you get this?? If the Fed were buying, gold would be increasing in value, not dropping.
The 'Central banks' in the chart are mostly eastern European, Turkey and Russian CBs replenishing their gold reserves. Typically, they are sellers, not buyers.

By the look of their timing, they screwed up. They were buying when gold was $1600+ an ounce.
If they were shorting gold would it not show as a purchase?
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