Mostly: Classical

[amarksp]

All we know is that some folks bought over US$1.15 billion in gold last week. Could be a combination of Arabs with excess oil $, Barrick/other majors covering their hedges, hedge funds themselves, or possibly a central bank outside the EU commmunity.

All we know is that 60 tonnes of gold lapped up quickly last week and POG continues to rise...

Put this into perspective, MSFT has market cap of $241 billion vs this measley one billion dollar purchase of physical gold: not much money in the grand scheme of investment dollars