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[goldtoe]

IMF Gold Sales, Fed Rate Hike, China, Soros and Inflation

	By Jason Hamlin Feb 19 2010 9:52AM
	www.goldstockbull.com

Investors completely shrugged off news of the IMF gold sales as the price advanced $20 following the announcement. There are questions as to whether the IMF actually has physical gold to sell and there is historic correlation of gold going up after such announcements, not down as many would anticipate. GATA wrote about why the IMF sales don’t mean much and the market seemed to agree. The IMF announced their top priority was not to disrupt the gold markets, which is laughable in my opinion. Whether the gold will actually hit the open market still remains to be seen, but my take on the IMF sales is that it is much ado about nothing, other than the continued attempt to suppress the gold price.

It's just one opinion but many analysts are seeing the demise of fiat currencies.. so gold would be the go to asset no doubt about that.. and i believe it will happen much quicker than many suspect.

We've just heard that China has dumped some of their US treasury buying and if tha money finds it's way to gold which it already has with them buying shares of the GLD ETF... then the POG is almost due to begin another massive upleg!

The West is going to see a considerable uptick to inflation and it has already risen by quite abit in places like India and China.

I'm calling for gold to be at a minimum $2,000 US by years end 2010 but something tells me that's a low ball number.



salute