Relevant:
- Super-Bullish Signal: Barrick Gold to Sell $3 Billion in Stock to Buy Back Hedges
- Hedge Fund Manager Burbank: Unloading Of Gold Not A Permanent Move
- Meet the rational gold investor, a rare bird
- More Details On Gold Suppression By Central Banks
- Vindicating GATA, academic study says central banks rig markets with gold lending
2009-03-10 — ft.com
“Gold is a small market, susceptible to small moves. Let’s say a small percentage of the world’s central banks – or simply the United Arab Emirates, by itself – do not believe President [Barack] Obama’s pledge that he will halve the US deficit by the end of his first term. They shift some of their dollar reserves into gold. It would not take many decisions of this kind to push the price above $2,000 per ounce.â€
That's as bullish as you are going to get from a guy who has argued that his company is immune to shareholder lawsuits for uneconomically shorting gold because it is "just an agent of the central banks".
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