Russia, China, India, Barclays Trader & The War In Gold. I would urge caution when it comes to the U.S. debt market-We have seen a liquidation of U.S. debt to some extent by the Russians who then turned around and bought almost a million ounces of gold. So they sold U.S. Treasuries and converted that into gold at these discounted prices. This is why gold would consistently go into backwardation when the price would dip. The Russians were backing up the truck! 5.25.14
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