Afternoon Ctindale,
Given you have a good handle on Chinese as a people and the way they do business, do you think that after the Government has suggested it's citizens go out and buy gold and silver (I think they can do this directly from their banks now) at about the $1050 price, they'll sit idly as the price slides to $750-$850?
If the Chinese or some other central bank purchase the remainder of the IMF gold in one hit (at around current levels), will this make you re-think your price target on gold?
I personally dont think the Chinese Govt advocating precious metal purchases to it's people can be underestimated.
Cheers
SW
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Afternoon Ctindale,Given you have a good handle on Chinese as a...
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