SideNote: Is this a bull market in Gold and Silver? We have no need to look at all the Gold and Silver chartings to tell us if this a Bull or Bear market in PMs; all we need to look at is what the nations of the world are doing, and the statistics show they have been busy hoarding Gold the past 8 yrs. GRIM

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Central Banks Extend Longest Gold-Buying Spree Since 1965: Chart

Bloomberg Business

Central banks have been net buyers of gold for eight years, with Russia, China and Kazakhstan among the biggest hoarders, International Monetary Fund data show. Countries purchased almost 590 metric tons last year, accounting for 14 percent of annual global bullion demand, the World Gold Council estimates. Central bankers are using the metal to diversify from currencies, particularly the dollar, said Stefan Wieler, a Toronto-based vice president at GoldMoney Inc., a financial bullion services firm.