London Trader – 40+ Tons of Physical Gold Acquired Yesterday

The London gold trader source of King World News today reports massive buying of real metal as the commercial traders cover their short positions and even central banks buy the dip. “During this entire takedown in the gold market,” the London trader says, “there has been absolutely no selling of physical gold, only accumulation. You see people saying gold is headed to $1,620, $1,600, $1,500. I guarantee you these individuals do not know what’s going on in the physical market.”

via GATA

Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: