They have been around for years and beenabout as good as analysts can be in a rigged market.
http://www.321gold.com/editorials/aden/aden081710.html
Gold is showing the world how it reacts to difficult times. Better said, it’s showing how people and governments react during times of uncertainty.
Russia increased its gold reserves in May in the biggest one month increase ever, while Saudi Arabia is now saying they have twice as much gold as last reported.
Central banks were net buyers of gold in 2009, which is very powerful because it means they do not want to sell their gold like before.
You may remember the Central Bank Gold Agreement under which central banks were allowed to sell 400 tonnes of gold each year. Sales went on, but by 2008 sales were way down. In 2009 central banks were buying more than they were selling and 2010 will surely be similar, as we’ve been seeing.
Gold demand is building but gold fever is nowhere near. You will recognize it when it comes because there’s no fever like gold fever.