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Gold has been consolidating for 4 months, trading mostly within the $1,075 – $1,150 range. The last few times that gold consolidated in this manner, it was resolved with an advance of around 30%. There is no guarantee that the same pattern will emerge this time around, but it looks as if we may [...]  Gold just hit an all-time high of $1,045 and the dollar is coming under considerable pressure as China, Russia and other nations are calling for a new reserve currency. Rumors are swirling around that several countries are secretly planning to off-load their dollar reserves and begin settling international transactions in another currency. With the [...] |
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Central Banks Buying Gold
The IMF will likely find eager buyers for all of those ounces of gold that they continually threaten to dump on the market. Not only have we seen foreign governments such as China and Russia increasing their gold reserves lately, but Forbes just reported the following:
Central banks may be justified in increasing their [...]