Gold to Drive on Dollar, headlines news next week

Who are the Mystery Gold Buyers behind ???

8th Dec 2011.

A sense of intrigue surrounds recent data released by the World Gold Council (WGC). The organsiation’s third-quarter demand report showed central bank buying reached nearly 150 tonnes, far above most analysts’ estimates, but the buyers were not named. According to an analysis by Reuters of IMF data, previous buying patterns and delays in data reporting, the most obvious candidates are China and India. Judging from the trend over the last two years, the purchasers are almost certainly nations with large external surpluses and big foreign exchange reserves, the bulk of which are in the emerging world, with nations in Asia or Latin American being the most likely. According to Reuters calculations based on data from the International Monetary Fund, central banks have bought a net 208.9 tonnes of gold so far in 2011.

The IMF data has identified buyers for a net 20.0 tonnes in the third quarter, creating a mysterious discrepancy of nearly 130 tonnes.The WGC, an industry group, said it could not reveal the names of the buyers for reasons of confidentiality, which only added to the intrigue. So far this year, the biggest buyers of gold have been Mexico, Russia, Thailand and South Korea. Other smaller, but nonetheless noticeable, buyers by virtue of their habitual absence from the market, include Colombia and Bolivia.....src: goldabout.blogspot.com

already drop last night... time to buy liao...

For those looking for CIMB, Maybank, UOB, Public banks gold price history for 2011 Q4.

Malaysia Banks Gold Prices History, Oct-Dec2011 - goldabout.blogspot.com

try goldabout.blogspot.com... all in 1 with charts

try GoldAbout

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Added on April 4, 2012, 3:32 pmmaybe you will like this
instaforex
plus500 or +500

This post has been edited by junhaussen: Apr 4 2012, 03:32 PM