As we await ..............the release of Orvana's last quarterly report, one can only imagine that the one ending this month will be even better as gold trades around $530. As Bill Murphy said yesterday:
IN LATE … HUGE NEWS FROM OUR STALKER SOURCE!!!!
Our Stalker source met with a retired executive who used to be on the Board of one of the Federal Reserve Banks. He stated the Fed can no longer control the price of gold because the "buying emanating from the Saudis, Chinese and Russians." This is huge news for GATA, as it is further confirmation of what our camp has been saying for so long. It also suggests, as I have suspected for months, that Gold Rush 21 was the straw that broke the Camel’s back.
This former Federal Reserve system banker has LOADED up on physical gold himself and plans to buy more. He expects bullion to reach $900 to $1,000 per ounce within 3 years.
Because of the importance to GATA of this new revelation, I had my Stalker source repeat it to me three times so that I did not take it out of context, or misconstrue what was said.
Let the good times roll!!!
..................................................................
Thus, profits should continue to increase and help Orvana acquire more reserves.