Check this out - no commentary needed - you all can interpret these golden nuggets as you see fit. I know what I think is happening....The first two are from Bloomberg:
Medvedev Talks Up Ruble as World Reserve Currency of the Future: Move Aside Uncle Buck
Russia to Buy Canadian, Aussie Dollars for First Time: Not So Loonie
Here's someone else who has figured out that China is buying a lot more gold than disclosed. What this commentary did not mention is that it is suspected that China is buying a lot through its sovereign wealth funds, which do not report reserve positions to the BIS: The Anti-Dollar Trade
Friday, June 18, 2010
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