The demand for gold deliveries is up but the price is falling. Very odd that.
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Toronto, ON -- (SBWIRE) -- 01/03/2014 -- According to a list of Canada's top exporting products, crude oil, petroleum products, vehicles/components and gold all topped the docket. Statistics Canada shows the top five exports are valued together at over $178.7 billion. With this in mind, Mr. Liu, spokesperson for DH Customs Brokers, Canadian customs brokers, says the number of small businesses joining the importing and exporting field is also growing.Gold is flowing to the East. If prices are rising, it is prima facie evidence of bad policy, since prices naturally fall. If prices are falling on a commodity as demand grows, then something is very much wrong. Mischief afoot in gold, to be sure.
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2 comments:
i have heard that gold is falling because people are getting rid of their paper gold (same with silver)
cristina
It could also be gold correcting after a Fed-fueled bubble that drove gold prices above fundamentals.
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