Monday, October 3, 2011

Physical Gold demand increases in China & Asia with every pullback in the prices

The Recent pull back in gold is a reaction of the severity of the global financial situation says Albert Cheng, Managing Director, Far East, World Gold Council, , everybody was looking for liquidity , on the longer term the fundamental is still looking very good , the long term trend has not been changed , we see physical demand for Gold in Asia increasing whenever there is this kind of pullbacks he added , China is a key driver in global demand for gold and jewelry , Demand for Physical Gold increases in China and Asia with every pullback in the prices

Bob Chapman - Real News Radio 01 Oct 2011

Bob Chapman : it is not natural that when the market went down the gold and silver went down with them , they forced them down , they did it twice in the last 2 week , the second reason for the attacks against the gold and silver is that JPM and HSBC have very large short position in both gold and silver and particularly Silver ,

and the opposite is true with the bonds and stock market they want them up , they want investors to believe that the only refuge is the bonds and stock market , really the only safe refuge is the gold and silver related assets

Gold Outlook for Q4

Gold Outlook for Q4 with Alix Steel : "Prices are broken, you definitely can see that, but I don't think the bubble has burst here," Says Alix Steel, from TheStreet.com. "Prices have a right to come off," she added , key demand factors that are going to support strong gold prices in the short term are the Indian wedding season the explosion of the demand from both China and India , and the the Central banks all over the world becoming net buyers of gold . "I don't think we're going to see a huge rally right off the bat. I think we're going to have a period of consolidation," she says. Alix believe that $1480 is the key level to watchfor Gold ....

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