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Ben Traynor
23 followers -
Writer, editor, economics muser. Views are personal.
Writer, editor, economics muser. Views are personal.

23 followers
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Ben's posts

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New Bank of England governor announced as Bank of Canada's Mark Carney.

If it all goes wrong, at least we can have a sing song:

Blame Canada - South Park: Bigger Longer & Uncut (3/9) Movie CLIP (1999) HD

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Slightly bizarre to see a chart I made last year used in a presentation by the director general of the financial market department at China's central bank (page 4):

http://lbma.org.uk/assets/C12S1_Duo.pdf

And here's the story it came from:

http://goldnews.bullionvault.com/China_buying_gold_052320116

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Gold passed two "bearish milestones" this week, says me:

Gold Passes 2 Bearish Milestones -- Gold Market review by BullionVault

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Bloomberg puts a bit more meat on the bones of how Turkey's banks are encouraging people to deposit their gold with them.

http://www.businessweek.com/news/2012-10-29/turkish-banks-go-for-gold-to-lure-302-billion-hoard

I mused on on this earlier in the year, looking at it from the point of view of Turkey's recent banking sector history

http://goldnews.bullionvault.com/gold-bullion-turkey-040520126

and as part of the trend among some governments to try to actively stem gold imports

http://goldnews.bullionvault.com/gold-regulation-032220127

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Most of gold's action this week (such as it was) has been a reaction to what's going on in the currency markets. Hence gold in euros has gained slightly, while gold in dollars has fallen.

Gold Down in Dollars On Week, Up in Euros -- Gold Market Review by BullionVault

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Gold falls for second week running

Alternative headline: man speaks quickly late Friday afternoon

Gold Falls for 2nd Week Running as QE3 Impact Wears Off -- Gold Market Review by BullionVault
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