Last Updated :
17 November 2009 at 06:10 IST
China may buy IMF gold at $1044 per ounce
By Jim Sinclair
1. I would recommend that you review the paper by Martin Armstrong titled
"How All Systems Can Collapse Overnight." The US dollar has declined slowly and in an orderly manner. Loss of confidence internationally is building. All of sudden the orderly decline, like all bear markets, will become completely disorderly.
Gold will be up $75 and then gain another $75 in the US hours as shorts are taken out on a stretcher.
2. There is a floor in gold at $1045 where India purchased from the IMF. China is in to "saving face." and therefore more likely to buy the remaining IMF gold at $1044 than to step up in price.
Others knowing that would more than likely front run China again.
3. Now the community is back into top calling. Before you subscribe to this please review the market action of gold on its second move above $400 in 1979.
Be careful as gold is going to $1224-$1278, $1650 and then on to Alf numbers.
Ask yourself if you are a speculator or an insurance holder?
Courtesy: www.jsmineset.com
NCDEX SOYBEANINDOREJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
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