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Recent Rally in Silver: A Sign of Strength or a Mere Correction?
By: Minyanville Headlines
Posted on August 29, 2012 at 15:25 PM EDT
In its latest Gold Demand Trends report the World Gold Council reports that gold buying by the world's central banks hit a new record of 157.5 tons more than double the level of Q2 2011 and accounting for 16% of overall global demand. Among the banks buying gold are the National Bank of Kazakhstan and the central banks of the Philippines Russia and Ukraine. If the central bank buying continues at the current rate this could be a record year for central bank buying.   That’s the good news. The bad news is the WGC estimates that global gold ...
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