Thu, Aug 23, 2012 - 8:50am
I was surprised to see a detailed technical analysis of the gold market on Business Insider this morning. It started off with the typical MSM data about diminishing demand for gold jewelry ... And then veered radically of course to point out the dramatic demand for gold by central banks:
The author concludes, "If this trend continues over the remainder of 2012, central banks will be entering a 'new territory' of gold buying that has not been seen since the early 1960s and since the end of the Bretton Woods System in 1971."
The author (Frank Holmes, CEO of U.S. Global Investors, which I've never heard of) goes on to show some very compelling charts, culminating in this "sigma" plot showing the "extreme low price" of gold.
Overall, this is a nice, solid essay, written from a point of view very different from the TF and ZH approach, but coming to the same conclusions.
Read more: https://www.usfunds.com/investor-resources/frank-talk/love-trade-cools-as-central-banksrsquo-gold-demand-heats-up/#ixzz24NBAePg6
Edited by: Paladex on Nov 8, 2014 - 5:30am