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Message: The Golden Cross plus China the big gold accumulator

Today, Probe's 50 day share moving average(SMA) line is crossing ABOVE its 200 day share moving average line.

From http://www.trade-ideas.com:

"This is an important trading signal for institutional traders. When the 50 day SMA crossed below the 200 day SMA, it is called a "death cross." When the 50 crossed above the 200, it is called a "golden cross."

On the subject of gold, I read the other day that with a world production of 2800 tons India takes 900 tons while China which is importing more and more will soon overtake them. As folks probably know, China is the world's largest miner of gold and doesn't export hardly any of it, just only in a few gold Panda coins and some manufactured goods. For a simplicity number, we have two countries importing about 65% of world production, but wait: China is expected to mine 310 metric tons of the yellow metal for all of 2012 and for all of this year will accumulate 43% of total world production.

When the Hunt brothers accumulated large amounts of silver the Comex did everything in their power to ruin them for their members were caught in a big short squeeze and of course the fiat managers didn't like it either. So the question is, are the Comex boys any match for the Chinese accumulators of gold? The sad part is the gold shorts and the fiat guys can only work with smoke and mirrors and hot air with their paper products and emphasize gold's down days in the media as being meaningful, THEY AREN'T. They have brain washed the public. The Comex boys need to take down their paper circus tent and move to Hollywood where they can make legal money entertaining people with their fiction. What people have to get over with all these paper products supposedly representing gold is that they are just frosted meadow muffins and nothing more. Buying physical gold today is buying the metal at a great discount awaiting the implosion of the alchemists at the Comex which is destined.

The monetary end-game will be requiring gold to get restarted again and China knows it. Aside from being the largest producer and soon to be importer of gold, Chinese gold mining companies are acquiring more and more gold assets outside the country. They're in Brazil, Australia, the Phillipines and increasing their presence in Africa along with other countries. Anyone see a trend here?

This why each time the miscreants hose down gold on a daily basis with their gails of hot air, YOU BUY.

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