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Friday, March 15, 2013

World gold council

This page of report is part if a larger report by World Gold Council.
It speaks of reduction of US$ and Euro in central banks' portfolio.
And an increase in non-traditional assets.
Including Gold and Aud$

If that's the case, ask yourself, is the central banks going to buy them expensive or cheap ?
If cheap then Aud and gold has more downside to go.

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