24.10.2008 - Will the IMF & Co. let gold crash?
From Mineweb.com: A personal viewpoint from a Swiss fund co-manager on the immediate and long term future for the gold price vis-à-vis Central Banks and the IMF in particular: Right now, I believe we are very close to a significant short and long term event happening in the gold market. For the short term, in my view, there are two possibilities: one is very bullish for gold (such as the breakdown of the systematically applied suppressing schema followed by massive safe heaven buying and a huge spike in the price of gold) and the other is very bearish for gold (such as significant gold sales from supranational organizations like the IMF or the ECB). But the long term implications will nevertheless be on both ways bullish. .... Full Article: Source
Print