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<p>[QUOTE=&quot;fatima, post: 1448805, member: 22143&quot;]They were absolutely wrong about this:</p><p><br /></p><p><br /></p><blockquote><p><i>&quot;The gold forward rate has increased during both the late September and current sell-offs in gold, which probably means that gold is being leased by central banks in order to provide liquidity for the banking system. Importantly, central bank gold is probably not being sold outright despite rumors to the contrary.&quot; </i></p></blockquote><p><br /></p><p><br /></p><p><br /></p><p>Gold was knocked down from $1744 to $1531, more than $200 from 12/05/11 to 12/29/11.&nbsp; It was the biggest monthly drop in all of 2011.&nbsp; During this month, the gold lease rates plunged to negative 0.6 which was a historic low by far.&nbsp;&nbsp; But the authors of this piece which focused on the Sept to December time frame also missed a pluge in September to negative 0.5 which was a record until it was broken in December.&nbsp; That plunge took down gold from its yearly highs above $1800.&nbsp; Furthermore, the average rate during that quarter was lower than it had ever been in a quarter.&nbsp; Maybe they assume that nobody will go look it up for themselves.&nbsp;&nbsp; </p><p><br /></p><p>The banks don&#039;t get off scott free when this happens.&nbsp; It is an opportunity for big gold buyers, to snatch up metal if they stand for delivery on their contracts.&nbsp; This is important to buyers looking to acquire the metal who would not be concered about future price denominated in USD.&nbsp;&nbsp; It&#039;s a description that would apply to powerful emerging economies which have plenty of excess USD but littile physical gold.&nbsp;&nbsp; So when the banksters perform these raids it comes at the risk of shifts of gold &amp; silver from the West to the East.&nbsp; </p><p><br /></p><p>(this is one of the reasons that I don&#039;t post blog links as any kind of proof)[/QUOTE]</p><p><br /></p>

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