Why hasn't Alta moved ???
I think the answer is here:
cnnfn.com
Alta is a great emerging gold stock. Best stock play in the gold
group, I think.
Gold is just tremendously out of favor right now.
Why ??
With the European Union coming soon, the central banks are re-aligning
their assets to fit some kind of mold: so much cash, so much debt,
so much gold.
I think the price of gold is being manipulated to hold a particular
level so the central banks don't have to hit a moving target before
the EU is finalized.
Here's what "The Privateer" has to say:
Looking at this chart, it's not hard to
discover why anyone who follows Gold is
losing patience. Eight straight weeks now
on or about the 20-week moving average,
and a glacial descent back towards the
important $US 290 level.
The MA itself has been below $US 300
for almost a month now (for the first time
since August 1979). It stood at $US
295.90 on March 20, with the spot future
Gold price at $US 292.20.
For your information, here are the
clearest-cut bear markets in Gold since it
became freely traded in 1971:
12/74 to 8/76 - Duration: 20 months
1/80 to 6/82 - Duration: 29 months
2/83 to 3/85 - Duration: 25 months
2/96 to 3/98 - Duration: 25 months
I'm not much for conspiracy theories, but I do think gold is manipulated.
The Rothschilds and the Central Banks control
gold, much the same as the Debeers family controls diamonds.
This EU thing becomes final in May.
You may see gold move up then. |
