Mar 08
|01:18
We just mentioned the surprise trade deficit posted by Australia.
Here's an even more interesting stat. Gold sales collapsed.
NON-MONETARY GOLD
In trend terms, exports of non-monetary gold fell $64m (5%) to $1,329m.
In seasonally adjusted terms, exports of non-monetary gold fell $1,070m (56%) to $856m.
Non-monetary gold, btw, just means gold not held by monetary authorities.
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See Also:
- Gold Instantly Spikes Lower Thanks To Bernanke
- Gold And Silver Are Getting Smashed Today
- Gold Got Crushed Today, And Everyone's Trying To Figure Out Why
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