Just received today from Morningstar. Read the whole article here - http://www.morningstar.co.uk/uk/news/article.aspx?articleid=97448&categoryid=5&refsource=newsletter Also check their predictions for the drops in future gold prices here - http://www.morningstar.co.uk/uk/news/article.aspx?articleid=97142&categoryid=5 Anyone starting to become concerned after reading this ?? Hopefully gives stackers a buying opportunity if predictions come true.
Thanks for posting. But no, not concerned. 1. "And if central banks decide to resume selling their gold reserves, such a move could be extremely detrimental for gold prices, given that current total central bank holdings (at about 30,000 tons) amount to roughly 12 years of current mine supply. Clearly, the central banks' decisions to either continue purchasing gold, or revert to their historical role as major suppliers of the yellow metal, merit close watching given the massive influence that central banks wield on the gold market." The article fails to mention why the central banks have been purchasing gold. It just says "if they decide to sell, it could be trouble." Suggest the author need to read fofoa.blogspot.com to understand why CBs are back into gold in a big way. 2. In the entire article, not one mention of 'inflation'.
So they're saying that despite a market that does not behave like a commodity they'll estimate the price as if it is a commodity? I wonder if these guys have had second thoughts: http://news.goldseek.com/GoldSeek/1286287320.php But I don't discount a drop to their price guess - as someone here said, it will go up, then down then up again and maybe sideways a bit and down and then up. Technically known as the zig-zag effect I think.
Why does this info/propaganda come out a few days or so after S&P announcment regarding US ability to pay its debt etc? Scare tactics to direct people away from PM's maybe? Same old story, keep people away from the real money. I won't be surprised at all if the price drops becauses the forces that be will be doing their best for that to happen
Exactly, same old story and sooner or later the market forces will push Gold and Silver up when the market loses faith in all the money that is being printed up.
