Even the just may sin with an open chest of gold before them – Latin Proverb The big question in the bullion market now is China. Is China about to make a large purchase from the IMF? According to Commodity Online “It seems so.” If media reports are to be believed, China has already sealed [...]
Even the just may sin with an open chest of gold before them – Latin Proverb There seems to be a lot of chatter around the street that Gold will fall due to the dollars recent strength, which the experts say will reduce investment demand. The correlation between the dollar and gold remains firmly in [...]
Although Gold might be a bit stretched in the short term, it is not hard to see where it could go a lot higher in the long run. I found some interesting charts on Agora Financial website that fall into the “a picture is worth a thousand words” category. First, let’s look at the expansion [...]
Gold has broken out to all time highs this week trading as high as 1050 or so in the December contract. I wonder however, if this is the launching pad for the well touted $1500-$2000 per ounce. I would not be surprised at some point to see Gold trade a lot higher but I would [...]
