via SafeHaven - Gold In Near Death Experience

I really laughed when I read this quote, mostly because of the noted low volume in the gold market previous to Draghi's comments:

"This zombified market sat up in its coffin yesterday when the ECB announced negative interest rates on bank deposits. For Eurozone banks it is now almost cheaper for them to deposit gold with us at GoldMoney than to leave money on deposit at the ECB. Not surprisingly this stirred gold from its earlier torpor, and by 0830 this morning London time it had risen by a paltry $11 to $1255."

Let's face it, Draghi is a gold hawk, juding by the policy adjustments at the ECB. Not too co-incidentally, Deutsche Bank and Barclay's are out of the gold fixing racket.

http://www.safehaven.com/article/34085/gold-in-near-death-experience-on-comex

-F6