Hi Jack.
Yes I read that article on demand in China waning based on low premiums for March, yet Jan and Feb had MOM increases from last year. Another article predicated that March would be quite but YOY demand so far is still up. And today's news premiums in China have gone up to 1 dollar as opposed to Marchs discounts. So long as western investors still are willing to trash the POG it would seem Asian are happy to wait a month and buy at the lows. This cycle of slow increases and fast drops with higher lows may be the new trend......my theory will be tested if POG can get back above 1350 in the next month. If so it will be demand that sets the price from now on, and not so much US economic data.
- Forums
- Commodities
- GOLD
- history repeating?
history repeating?, page-60
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online