By ex, Comex gold tradingLook at the rise in London and strike down at 8 a.m. E.S.T on kitco.
Contracts dictate the price....not physical purchase.
So how does It play out?
Look at the accumulation who buying out of London.
Look ok at the volumes in Shanghai. Delivery averaging 140,000 kg / week. Or around 160 short tons.
i suspect. 1 of 2 thing will trigger the upside.
if Greece had folded...others would follow. Can't have that!
so right now gold will be range bound with fiat currency bailing out fiat currency with fiat currency.
Can you say MasterCard cash advance to pay visa to pay American Express, to pay diners club.
can't last forever. As pensions are collected they will need above average returns to stay afloat.
Right now, oil companies are reining in profits to maintain ......reducing or eliminating dividends.
other companies living on share buy backs and divdendes. The dividend come at the expense of reduction in operating costs ( layoffs, smaller packaging ie. Coffee, Kraft dinner )
its slowly creeping all around us. Last person standing should have some physical
gold JMHO
Governments are broke, even Canada, look at CPP you can't collect until 62. Well people are living longer.....not true...what they are trying to say is their broke. The forecast model using 8 % growth went out with the dinosaurs....then 6 % ...no go. So we are looking at 4 % and taxes keep going up at around 5 % annually.
the lines will cross.
As a private investor 8 % is achievable year after year. Don't try for 40 % unless it's a small part of your portfolio.
glta