GOLDBUGS AMEX Goldbugs Index (GOLD)

[Peel Green]

It seems China has significant increased the amount of Phyz Au that is buying:

Maguire: “Deliveries in Shanghai alone in March were 283 tons. In the eight trading days of April, we have seen another 117 tons (of gold) delivered. Today was another 20 tons delivered. So what we are looking at here is over 400 tons (of gold) in less than a month and a half.

There's one dickens of a battle going on.