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Maloney: "... enormous shift in this bull market ..."

On this video blog, Michael Maloney uses the 2008 and 2009 CPM Gold Yearbooks to illustrate this market-rocking effect. As recently as 2009, central banks were projected to sell some 4 million ounces of gold; instead, when the 2009 real numbers came in, they hadpurchased 15 million ounces. “I can’t tell you what an enormous shift in this bull market that is,” Mike says.