... how many times has it been leveraged...and how much is really there...and where is it?
Submitted by Tyler Durden on 12/12/2011 - 08:36 200 DMA Apple British Pound Central Banks China Citigroup Dennis Gartman Displaced Moving Average Eurozone Exchange Traded Fund France Gold Spot Google Hong Kong Italy JPMorgan Chase MF Global Reuters Transparency Twitter
With concerns about liquidity and solvency in the European banking system, there is lending and possibly even selling of gold by banks to raise much needed cash. This may be creating short term weakness in gold bit is bullish for gold in the long term. The FT reported last week that “gold dealers” said that banks – “primarily based in France and Italy – had been actively lending gold in the market in exchange for dollars.” The key question is who is lending and is their lending simply liquidity driven - to raise dollars or euros
