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What in the World is going on with Gold!?!?!?!
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<p>[QUOTE="Rono, post: 643330, member: 6492"]Howdy,</p><p> </p><p>* Seasonality - summer's the weak season for gold.</p><p>* Dollar weakness - gold and the dollar have been running pretty much opposite each other.</p><p>* 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.</p><p>* 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. </p><p> </p><p>just some thoughts,</p><p> </p><p>rono</p><p> </p><p> </p><p>nd one thing that warms my heart on dark and dreary nights - the street demand for physical bullion[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 643330, member: 6492"]Howdy, * 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, rono nd one thing that warms my heart on dark and dreary nights - the street demand for physical bullion[/QUOTE]
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