sprott Asset Management, Recent Dramatic Declines In Gold Prices And Strong Redemptions From Physical Etfs (such As The Gld) Have Been Interpreted By The Financial Press As Indicating The End Of The Gold Bull Market."/>
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JUL 18, 2013 - Zero Hedge

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Eric Sprott Asks "Do Western Central Banks Have Any Gold Left?"

Submitted by Eric Sprott of id=8044">Sprott Asset Management, Recent dramatic declines in gold prices and strong redemptions from physical ETFs (such as the GLD) have been interpreted by the financial press as indicating the end of the gold bull market. Conversely, our analysis of the supply and demand dynamics underlying the gold market does not support this interpretation. Many major buyers of gold are adding to their stocks, while at the same time supply is flat or even decreasing, compounding an already vast imbalance. For example, central banks from the rest of the world (i.e. ... Read More

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