I'll interpret bot-buying as a bullish sign then. To other...

  1. 1,485 Posts.
    I'll interpret bot-buying as a bullish sign then.

    To other matters - Kevi mentioned Gold as being due for another rally soon. I totally agree, and the G20 summit may prove the catalyst for this.

    China is the key - last week they mumbled and grumbled about replacing the US$ as the world's reserve currency. This is because they hold a Trillion dollars (or more) in US Treasury Notes, and are concerned that US-denominated assets may become less valuable over time.

    Consider the fact that the US is running the printing presses to produce dollars to bail out banks, motor companies, etc, and will even resort to buying their own Treasuries. How inflationary can that be?

    What the Chinese didn't say was that Gold ought to form part of the "basket". In my opinion, the Chinese, Indians and OPEC nations would dearly love to have a world currency based on a Gold Bullion foundation. Any statement made at G20 to this effect would send gold towards $1000/oz, and beyond, immediately,

    Disclaimer: I am a long-term holder of gold and silver bullion, and shares.

 
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