An intense restructuring of the entire gold market is looming. Posted by James Randolph on November 01, 2011
An Eruption in Buying Gold is Forthcoming
November 1, 2011 – An intense restructuring of the entire gold market is looming. This is a direct effect of the economic turmoil the entire world is enduring. Gold reached the $1620 status quite efficiently a number of times and its intent is to continue its mount. China is at the forefront of buying gold as has been released by the London brokers. The Chinese moved in on the market as the confusion surmounted with gold contract margins being magnified again and again throughout the price regressions. It seems they have satisfied their frenzy for the moment, though.
Quite definitely, a bullish discrepancy will occur as the daily stochastic presented optimistic indications while the price was developing a flat bottom close to the $1600 level. Repeal is in order which will reflect the change in the Euro currency from 132 up to 140. Gold dwindled alongside the Euro but is now ascending because of the consistent weakness in decision making within Europe’s financial system.
Going from $1670 to $1770 will be straightforward and the ones who will be in an uproar will be those who urged others to sell, sell, sell the only spot-on security in the financial world.
If one is blessed with objectivity then the ability to see that this whole situation is actually good for the global monetary system will be easy. The most important purpose of recessions is to do away with what does not work and bring in what will. It is at this point where buying gold will take off rather swiftly. Prepare yourself because if you sleep on it, it will occur right before your eyes and there will be nothing left to buy.
Remember that gold is not full of the phony snares that the greenback and its brothers are made of. Gold is reliable and genuine which is why, in the end, the United States will be obligated to return to the Gold Standard. But this will not endure without a fight for the survival of all paper currencies. The USD and its counterparts will be destroyed and gold will tower in value in a matching contrasting manner.
The governing class is devoid of thirst to satiate leaving the rest of the world to use wise judgment in their own state of affairs. They will not invest in a reasonable and well-constructed monetary system. To whose advantage would that be?
Just for the record: Last Tuesday, the Europeans imparted the foundation for a step up of $50 in the gold price and $1.50 move for the silver price making it beneficial for investors as well as the general public to begin buying gold because future profit will be great. It will probably be the best investment you can make overall.
Senior Staff Writer – Certified Gold Exchange