GOLD 0.51% $1,391.7 gold futures

Gold pattern pointing up, page-466

  1. 5,536 Posts.
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    As we tend to get away from theme of thread I will say something about gold. IMO having the POG at these levels is playing into Russia's and China's hands, with sentiment towards PM!s the price should be closer to $1000 or below but as soon as it dips buying kicks in. China has been relentless in buying and stockpiling most commodities that are seen a historically cheap. They alone create a little bit of false demand across the board by procuring and hoarding everything they need to decouple from the rest of the world for extended periods. The rise of the East and fall of the west has been on the cards for ages. He who controls the gold controls the world and China's buying a lot. The USD can only become less relevant when backed by nothing and tripled in volume. Underlying supply and demand fundamentals will eventually grip the gold market and begin an uptrend again.
    What are best gold stocks to benefit if market turns.
    I like SAR.
    Saracen minerals, no debt,increasing production, increasing cash flow and good management.
    What are your favourites.
 
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