few extra facts
IMF did NOT sell any of the 403 tons of gold, it said it would!
Why IMF did not sell?Because it does not have any gold,never mind 403 tons, just gold paper notes...
IMF, purposed use of money was to fund & help poor countries ? or suppress the price of gold due to
amount of paper money being printed??
Price of gold up 17% in 1 st quarter.
Copper price up to around $2.10 a pound.What does YRI produce in mass.Copper!!
Yri cost to mine 1 oz of gold $375! projected avg price of gold per oz over next 5 years $750
April 17 2009 two financials/ analyst's have YRI stock price projection of$13.50 to $14.00 near term.
Last week India bought 21 tons of gold and is projecting much higher imports over next week and month if gold remains in the $750 / $850 range.
Yes first quarter result will be great.
A lot of money has been made shorting gold last two weeks. However once gold hits a certain price, they will be buyers pushing gold up again. Maybe $950 !
A Lot of people protests in US this weekend
If the market is going right, buy your position in left, rule applies here!!!!!!!!!!!!!
Happy investing..