GOLD 0.51% $1,391.7 gold futures

as good as it gets for gold *****, page-7

  1. 6,005 Posts.
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    I think gold is in a very healthy situation!

    Demand is driving it at the moment because of the Chinese and Indian bull economies and the growth looks set for at least another 3-5 years maybe more.

    I can't remember where I read it or the exact figures but to satisfy the demand for Gold there has to be 7 more major gold projects are year for the next 5 years???then currently planned.

    Chinese and Indian economies are heavily pinned to the US economy(China directly India not so directly) so if the US goes into a severe downturn gold will be the sentimental favourite.So either way Gold is very positive in MHO.

    Cheers
 
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