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Thursday, August 15, 2013

Gold - You Are Here

It would seem the demand for physical gold and the apparent limit on paper-gold decompression (given recent musical chairs in COMEX and Gold ETF holdings rising) are hitting at an inopportune time for the confidence-inspiring central banks of the world... Seasonally (for 30 years), August has marked the cylical low.

Gold Seasonality (via USFunds)

as Gold ETF Holdings rise most in 9 months...

Chart: Bloomberg

Source ZH