In this report, I cover the early market action from London on Friday, December 6th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look a the subject of the recent repatriation of gold reserves from the Bank of England by countries like Poland and other Eastern European countries.
My conclusion is that if the trend of gold repatriation from the Bank of England and the New York Fed continues at this pace the bullion banks could cope but if it accelerates it could hurt them in their scheme to keep the gold price suppressed.
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