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Gold analysts get bullish, the proportion of 35 surveyed by Bloomberg rising to its highest...

Gold analysts get bullish, the proportion of 35 surveyed by Bloomberg rising to its highest level (83%) since November. ETPs have purchased 51.7M tons in August - also the highest amount since November - and now hold more gold than France. Gold broke out of a tight trading range this week and is at levels not seen since April.
Comments (12)
  • People are scared thats why they buy gold.
    24 Aug 2012, 08:07 AM Reply Like
  • I am not scared but the charts have been screaming that this was coming for several days and I took a position for the ride (UGLD, USLV for 3x). Nice ride so far.
    24 Aug 2012, 08:31 AM Reply Like
  • Maybe a trend or maybe just a bump based on the central banks. Too soon to tell, but caution is due, "more gold than France" can move faster than lightening.
    24 Aug 2012, 09:01 AM Reply Like
  • When that many analysts are bullish, that tells me it is time for a brief pullback.
    24 Aug 2012, 10:25 AM Reply Like
  • Gold should not trade on technical reasons. Wrong reason to buy.
    24 Aug 2012, 11:13 AM Reply Like
  • Is not Sept-Oct the gold buying season for India...

     

    Trading is magnifying traditional movements in commodities...
    24 Aug 2012, 11:50 AM Reply Like
  • Watch EUR/USD and /DX. Reversals will send PMs lower.
    24 Aug 2012, 01:28 PM Reply Like
  • what happens when all the ETF's / ETN's / ETP's have to liquidate at the same time?

     

    Citi pulling $500mn from Paulson: guess where the money for that is going to come from.
    24 Aug 2012, 02:14 PM Reply Like
  • gold investments globally including direct investment in gold is in the low single digits percentile. Most of the world hasn't bought in yet. ETF are a simple way to play the space but real returns are made by moving up the risk curve. Just look at the chart on Toronto listed GQC. I've been bidding on http://bit.ly/LBSYcN because they have great exploration projects and a well known team at the helm.
    24 Aug 2012, 03:06 PM Reply Like
  • Inflation= gold wins, deflation= gold loses-I believe it is as simple or complex as that.
    24 Aug 2012, 05:53 PM Reply Like
  • I`ve been with silver SLV and lately I detected that slv is no more moving closely together with Euro as it normally does. Can someone explains this
    25 Aug 2012, 07:04 AM Reply Like
  • um.

     

    51.7 thousand tons purchased by funds? >6x as much as the entire US Reserves?

     

    Just in August?

     

    I think not.
    26 Aug 2012, 01:31 AM Reply Like
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