Gold price, page-619

Not only the number of shorts is decreasing , but also the shorts are turning bullish on gold.
David Roche who is well known to be short of gold for a long,long time is changing to be bullish on gold.

Here is why:
He’s concerned enough about central banks’ policymaking to reverse his bearish, short position.
He does not know what central banks are going to do next.

Investment veteran Roche changes tack to back gold’s outlook

http://www.mineweb.com/news-fast-news/investment-veteran-roche-changes-tack-to-back-golds-outlook/

And Yes, Eshmun, the violent move in Gold over the last two days, was driven by the BOJ freezing the stimulus, but you need savvy investors like Roche, Soros (worried about Chinese debts), Bill Gross and M.El-Erian (worried about asset bubbles) to drive it further to the next leg up.
Traditionally and from a culture point of view, the demand for gold is robust in China and India as well as the Middle East, it is on the rise and the price was capped because of manipulations.

Uncertainty causes the spike in gold price and constant demand for safe heaven and life style will keep the momentum going.

I think the subject is covered well enough to convince us that we have made the right decision of investing in gold and unhedged BDR.

Good night.

Sydney