http://english.donga.com/srv/service.php3?biid=2009070411578
The above article, referenced by GATA (click here), indicates that Korea is going to start shifting some of its central bank reserves from US dollars to gold, following China's lead. I'm not familiar with the news source, but this makes sense and is, obviously, bullish for gold. Having central banks switch from being sellers of gold to buyers increases demand and increased demand pushes a commodity's price higher.
Here's the money quote: "According to experts, the comment implies that the bank plans to buy gold soon. Korea has the world’s sixth most foreign exchange reserves but ranks just 56th in gold holdings."
MontyHigh, www.worldofwallstreet.com
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