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Originally Posted by Yankee  If you check out the PM news on Kitco today they are also talking about the China thing. They too are recommending buying because of it. The China story is now showing up on other stock news. Ether its something to pay attention to or its a rumor. I myself will be watching it carefully! |
Yankee: I too read Kitco, pretty much daily, amongst other economic reports that report on PMs. I'm always interested in what PMs are doing because it's very action:reaction oriented being linked to so many moves in the global marketplace and world events. I love the volatility of metals, unfortunately, betting on gold's rise is like turning your back on the value of the dollar against other currencies and sectors and the profits from oil almost always erase what you get out of gold profit these days. Darnest trouble-maker gold is, but still a lovely material to chase around. I think a lot of the speculation you are seeing right now is fear of another huge dip in the market since all the reports are so dismal and nothing is moving out there, plus the lead up to the G8 and BRIC meetings later this Summer.
