Re: When GOLD will $ 2000
in response to
by
DELIVERING DISCIPLINED GROWTH
Third largest primary Gold Producer in North America
Message: Re: When GOLD will $ 2000
Funds are sitting on the fence and waiting for the effect of the bail-out before committing to gold.
I think it's more likely funds are sellers here. They are raising cash to meet redemptions. That means you sell anything that still has a market, including gold.
The real question is, why isn't gold going down more? Who's on the other side of that trade? My guess would be central banks. Check it out:
People are focused on the stock market right now, but this thing has spilled over into currencies and international trade, a far more serious situation. This is not about managing perception anymore, it's about surviving a general collapse. Would you sell gold in the face of that if you were running a central bank?
ebear
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