Not noly gold but also industrial metals were on the rise Thursday.

The expectation that China wil pull the world economy out off its worst recession since world war 2,increases demand world wide for metals.

Aluminium rose 8 days in a row,the longest rally in 4 months.Nickel rose to its highest level since oct 14 last year in London.

Demand for metals rose yday also because house sales in the Usa rose for the3rd month in a row.

China imported in June a record amount of refined copper.

Recession in Asia is turning into a V-shape recovery according to the asian development bank(ADB) yesterday.They expect economic growth to return to the path from before the crises early next year.

Barclays thinks we found the bottom in the use of base metals,growth is retuning.

Someone on this board suggested that the Chinese might be interested in buying into the ROF,The Chinse Central Bank is clear about that,They are at this point only interested in buying producing mines,in order to secure their supply of raw materials,

So as I stated before we need more patience.Maybe someone else will beat the chinese to it.time wil tell.

Holding long and strong and getting tired of over excited people,

Respectfully Inca.