Ann: Yule South Mallina Basin Drill Contractor Appointed, page-305

FOMO gold tradingSo just how far does Deane see gold rising given that analysts have already flagged that $US2,000 an ounce gold is likely before the end of this year?The former JP Morgan head of Asia Pacific commodities trading noted that clients of every investment and private bank on the ‘Street’ are now being advised to have an allocation of gold.This is backed by London Capital Group advising investors to hold 15 per cent of their portfolio in gold.“That was really in the past three to four weeks. That money hasn’t met the market yet,” Deane said.“That’s going to take time to feed through, but it is a lot of money that comes into the space.“That could easily push gold through to $US2200 to $US2300 by early next year. Up there it is pretty clean air, it could go anywhere from there.”Deane adds that on top of that, there would probably be a bit of FOMO (fear of missing out) trade emerging.“You breakthrough to all-time highs, people see that move … you obviously have a lot of these private banks, high networks accumulating gold positions.”