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German gold story distracts from supply & demand data, $1,900 forecast by July

Posted on 18 January 2013

“Amazingly,” says Thursday’s note from the commodity team at Commerzbank in Frankfurt, “the German Bundesbank’s [statement on] the future storage of its gold reserves attracted more attention yesterday than the latest data from Thomson Reuters GFMS – the research institute, which specializes in analysing precious metals.”
“Criminal masterminds and Hollywood scriptwriters have been put on notice,” says the Financial Times today, calling Germany’s seven-year plan to move 674 tonnes of gold from New York and Paris to Frankfurt “one of the biggest publicly announced shipments of the precious metal on record.”……………………………………….Full Article: Source


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