GREY:KXLAF - Post by User
Post by
MELLOW88on Aug 24, 2012 11:15am
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Post# 20256754
More Bullish Evidence for Gold...
More Bullish Evidence for Gold... According to surveys, per Blomberg, Gold traders were 93% bullish on Gold going much higher, with only 3% Negative...the remainder were neutral...this evidence speaks very well for Gold's propsects...why are we not moving UP then...? In my view the US$ Fed is playing a game of chicken , refusing to further stimulate economy, as they are exceedingly concerned about INFLATION, especially after the weather related Inflation on food commodities...
well...we all know how this will end up...In the meantime the Equity markets will be exposed to tremedous volatility, so that is one main reason for the attacks/interventions in Gold and Gold stocks...but as we all know it will not last...
Another very bullish sign for Gold is that the Republican Convention Platform will call for a return to some form of THE GOLD STANDARD....who said Gold is not relevant or important today....
Mellow