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Turkey, Russia, Kazakhstan, Azerbaijan Buy 30 Tonnes Gold In April 2013

Turkey, Russia, Kazakhstan, Azerbaijan Buy 30 Tonnes Gold In April 2013

According to the latest report from the IMF, central banks of Russia, Kazakhstan and Azerbaijan have increased their gold reserves last month. The three countries have added some 12 tonnes to their gold reserves in April. Moreover Turkey has added approximately 18.8 tonnes to their official gold reserves.

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When Will The Physical Market Start Setting The Gold Price?

When Will The Physical Market Start Setting The Gold Price?

David Morgan believes that the paper market will still dominate the price through 2014. Right now, there are big differentials between the retail price and commercial bar prices. As long as commercial bars will be delivered in a somehow timely manner the paper market will have some basic credibility. Once that breaks down, it will signal the tipping point.

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SLV Shows A Bullish Divergence

SLV Shows A Bullish Divergence

You have to realize how crazy-anomalous 2013 has been. Melting-up stock markets breeding euphoria are very rare, only seen at the ends of major bull markets. Stock euphoria diverting capital away from all other asset classes is equally as rare. But if you’d told me how 2013 would play out in the stock markets, GLD, and gold, but said SLV would ignore the carnage, I would have thought that was utterly impossible.

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