Happy new year.
Whoa - just finished another Roast Dinner.
The US aren't going to protect the dollar, so the stage is set for a continuation of the gold bull. Gold has fallen to it's 200dma - this is always followed by a rather predictable upsurge.
Then I see comments like this:-
Miners set for 'obscene profits' in 2005 - Merrill
--------------------------------------------------------
"Gold mine supply continues to decline, central bank sales are dramatically lower this year versus last year and central bankers are making hints that they might try to increase some of their gold holdings." If those factors alone weren't enough to drive gold prices higher, Hambro said, China's demand for gold is expected to increase three-fold over the next three years, to 600 tonnes per year from 200 tonnes.
"That 400 tonnes of additional supply is about the same amount of gold as South Africa produces," said Hambro.
South Africa is the world's largest gold producer."
Cadence Design Sys stock quotes
Cadence Design Sys stock charts
Follow this thread
