Skol Skol Skol. Why do you continuously rub raw meat over you in the heat of the sun then walk into the lions den!
From Skol's post ....
"The Financial Times says:
'Gold appears in the process of convincing investors that its stint as a hybrid between a safe haven and a risk asset is coming to an end'."
For starters The Financial Times didn't write it. It was written 3 days ago by Jan Harvey from Reuters that The Financial times reposted. The above statement isn't hers. Its a statement by UBS that Jan put into her article to add strength to her bullish view on gold. UBS are also very bullish on gold.
Secondly LOL the statement is actually supporting our view that gold will continue up. Its basically saying that generally the market has bounced gold between a safe haven asset and a risk asset, but now the sentiment towards it as a safe haven hold as opposed to it being a risky asset is growing.
"That scenario looks increasingly likely with the US economy accelerating, no more QE and better than expected job numbers"
Ben is warming the markets to QE3. Hes not speculating it may happen. He knows it will happen. He is using this tact and has used it in the past so as not to shock the confidence of the people and markets in one go.
Taking into account of the global fundamentals. Taking into account of the recent high of gold and the subsequent sentimental correction and long term trend. Taking into account the high wasn't to far from $2000. Taking into account that its election year in the US it would be IMO very foolish indeed to bet against gold hitting $2000 in 2012.
