Running Out Of Pavement.
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Running Out Of Pavement.
Gold is in that wonderful sweet spot, the expected correction, and holding above the $1950.00 price point.
The bottom line, value, a buy zone which offers solid long-term potential.
There is added support for gold as central bank buying continues in Europe, Asia, and Russia. While on the subject of central banks, several of them across the pond maintained interest rates at existing levels.
A potential top in the U.S. dollar continues to make headlines; all rallies have a point of exhaustion...look at a gold and dollar ratio chart some interesting possibilities certainly exist.
If you really think about it; the bank's primary product is obviously paper currencies, yet, they buy gold by the truckload. A textbook oxymoron.
The dark truth regarding this economy remains hidden within selective data points and outright exclusion of key components.
We have kicked the can down the road and this stretch is running out of pavement. Precious metals are about to enter a bullish cycle that could last for years...change is coming, and soon.
Silver: some short-covering and fresh capital are seen entering the market.
Value-buy zone for both gold and silver...take appropriate action now.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
Depository relations: London - Singapore - United States Canada - Australia - China - Switzerland Brinks - IDS - Loomis - The Perth Mint info@intlmetals.com
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