Commodity Trade Mantra

Posts Tagged ‘Accumulate Gold’

Is a Bull Market Quietly Gathering Strength in Gold?

Is the resumption of the bull market in gold, that so many have patiently awaited for years quietly, gathering strength under our noses? Expect a $50 gold rally to around $1280. I am somewhat open to the possibility that gold will blast off, once above $1280 without looking back, leaving in the dust all who were hoping to accumulate bullion & mining shares on weakness.

Why the U.S. is Letting China Accumulate Gold

The evidence is there. China is saying, in effect, “We’re not comfortable holding all these dollars unless we can have gold. But if we are transparent about the gold acquisition, the price will go up too quickly. So we need the western powers to keep the lid on the price and help us get the gold, until we reach a hedged position.”

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