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Gold price: Chinese economy may send it higher

Posted on 12 February 2014

It is time to reconsider gold. Reports that buying in China rose 41% last year to a new record suggest Chinese investors are under the spell of gold, perhaps because of concerns about the stability of their own economy. If the China Gold Association’s data on buying prove significant, gold may finally advance after several years of declines.
With the SPDR Gold Trust at $123.75, investors can buy the GLD January $124 call that expires in 2015 for $8.40. The trade thesis is largely predicated on an eastern retelling of a tale well-known to American investors: an economy weakened by financial sector excesses that drives citizens to buy something they think is a safe asset………………………………………..Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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