Gold-Buying Central Bankers May Extend Record Rally
ByCentral banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices.
Comment: At least a few thoughts should be spend to the problem in how far this change of mind by central banks is actually a contrarian signal. The decisive month will be June this year when QE is to run out. Full concentration is warranted in the months of May in order to be ready when hell will break loose from June onwards. For the rest of April we still are left with some muse time for brainstorming and imagining. After May it will be only action. Turmoil will be so rough that hardly any time for thinking could be left. Be ready in time.