Discussion in 'Bullion Investing' started by jaceravone, Jul 20, 2009.
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* Seasonality - summer's the weak season for gold.
* Dollar weakness - gold and the dollar have been running pretty much opposite each other.
* China - I believe I read that they now have some $2T of our FOREX but are constantly trying to diversify OUT of the $ and into other things . . . like gold.
* Street demand is still huge - this serves as support, or a floor, if you will under the gold market. There are a LOT of people that use price drops like the recent one to ~900 as buying opportunities. And frankly, there are many that are just buying every payday - real stuff - not paper, not ETF's, not mining stock - but real hands on bullion.
just some thoughts,
nd one thing that warms my heart on dark and dreary nights - the street demand for physical bullion
Quite small compared to other metals. Supressing this market makes fiat currency look better.
Last inventory of U.S. gold stores at fort knox 1954 or 55.
South Africa has a bit of a problem getting cash loans. To do deep digging new infrastructure is needed. Banks do not want to see massive law suits on their customers books for health related problems.
China says dig, and dig they do. They have gold and buy when they can.
WE have gold, you know Goldman Sachs. They dig deep and we feel the pain when we sit down.
Some one said here that gold shoud be about two pencils higher then it is. Maybe another conspiracy ?
August will see Gold at $1100.
I wish I had more gold coins.....
My thoughts exactly.
Noost -- that link, you signature, is cool. Right on.
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