So many investment banks calling for sub $US1000 gold...failing to mention the crucial role of gold as a hedge against instability...is it just circumstance that Shanghai freefalls by an eyewatering 8% and little old gold has a tidy 1.8% lift?
IMHO gold is inverse 'real' global growth...so every signal that undermines the 'real global growth' story is +ve gold..
It is not about doom and gloom but the fact that the US, China, Europe are still desperately trying to cling on to very shaky numbers re jobs, manufacturing, outlook etc etc and the banksters know it..
July latest brokerage report, page-6
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