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Commodity Trading Discussion Forum

Re: Gold/IMF Sale

Posted By: amk1100
Date: Thursday, 5 November 2009, at 9:20 p.m.

In Response To: Re: Gold/IMF Sale (the other michael)

According to Chuck Butler from the Daily Phenning, the big rally in gold the last few days started when word got out that India paid for all that gold with SDR's - not US dollars. He says this indicates that even the IMF doesn't want US dollars any more. Very bearish for the greenback and bullish for gold.

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